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AR Global’s American Finance Trust Increases Net Asset Value

The board of American Finance Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved an estimated net asset value per for the company’s common stock as of December 31, 2017.

The board of American Finance Trust Inc., a publicly registered non-traded real estate investment trust sponsored by AR Global, has approved an estimated net asset value per share of $23.56 for the company’s common stock as of December 31, 2017.

American Finance Trust has a previous estimated net asset value of approximately $23.37 per share as of December 31, 2016. Shares were originally sold to investors for $25.00 each, prior to the close of the offering in October 2013.

The REIT engaged third-party valuation firm Duff & Phelps LLC to assist with the process. Duff & Phelps provided an estimated range of $21.37 – $23.56 per share on a fully diluted basis with a midpoint equal to $22.43 per share.

The NAV per share is based on the estimated value of the company’s assets minus the estimated value of its liabilities divided by the approximate number of shares outstanding on a fully diluted basis, calculated as of December 31, 2017. The valuations were performed in accordance with guidelines issued by the Investment Program Association.

American Finance Trust commenced its initial public offering in April 2013, which closed six months later after raising $1.6 billion in investor equity. In February 2017, the company completed its merger with affiliated non-traded REIT, American Realty Capital – Retail Centers of America, and currently owns a portfolio of 540 properties with a total purchase price of $3.4 billion.

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