AMERICAN FINANCE TRUST COMPLETES PREVIOUSLY ANNOUNCED $261 MILLION SALE OF OFFICE BUILDINGS, REDUCING OFFICE EXPOSURE TO 1%

NEW YORK, Jan. 7, 2022 /PRNewswire/ -- On January 6, 2022, American Finance Trust, Inc. (Nasdaq: AFIN) ("AFIN" or the "Company") completed the previously announced disposition of its non-core portfolio of three office buildings leased to Sanofi S.A. for $261 million (the "Sanofi Sale"), representing a 6.38% cash capitalization rate¹ and a $10 million increase from its original purchase price. On a Pro Forma basis as of September 30, 2021² the Sanofi Sale reduced the Company's exposure to office assets to 1% from 7%, based on Pro Forma annualized straight-line rent ("SLR").

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