Andrew C. Richardson has served as one of our directors since November 2019. He is chairman of the Board and chairman of the Audit Committee. Mr. Richardson is currently the CEO of RCM Living Holdings LLC, a commercial real estate asset management platform which provides services related to the multifamily investments owned by private investment funds sponsored by Raven & Company. He has held this position since January 2021. Previously, from May 2019 to August 2020, Mr. Richardson was the Chief Operating Officer of Waypoint Residential, a private real estate investment firm focused on the U.S. rental housing sector. In addition, Mr. Richardson served on the board of directors, audit committee and compensation committee of DiamondPeak Holdings Corp (NASDAQ: DPHC), a special purpose acquisition company, from March 2019 to October 2020. Mr. Richardson also served as the Chief Financial Officer and President of Land and Development of iStar, Inc., a NYSE-listed REIT, and as the Chief Financial Officer of Safehold Inc., a NYSE-listed ground lease REIT that was externally managed by iStar, from March 2018 to May 2019. Mr. Richardson also served as the Chief Financial Officer of The Howard Hughes Corporation, a NYSE-listed company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S., from 2011 to 2016 and as the Chief Financial Officer of NorthStar Realty Finance Corp., a NYSE-listed real estate finance company, from 2006 to 2011. 

John P. Albright currently serves as our president and chief executive officer and a member of the Board and as president, chief executive officer and director of CTO Realty Growth, Inc. (“CTO”), the parent company of our external manager and, as of March 20, 2025, owner of approximately 14.9% of our outstanding equity, including units of limited partnership interest in the Operating Partnership (as defined below). Mr. Albright has served as our president and chief executive officer and as a director since our formation in August 2019. He has served as a director of CTO since 2012 and chief executive officer since 2011. Prior to joining CTO, Mr. Albright was the Co-Head and Managing Director of Archon Capital, a Goldman Sachs Company located in Irving, Texas.

M. Carson Good has served as one of our directors since November 2019. He is chairman of the Governance Committee and a member of the Compensation Committee. Mr. Good is currently the President of Good Capital Group, a private real estate investment company that structures and provides capital to operators and makes direct investments in assets in Florida. He has served in this capacity since 1989. In addition, Mr. Good has been a member of the Board of Directors of the Greater Orlando Airport Authority (GOAA) since April 2019, having served as Chairman of the Board from 2020 to 2024, and currently serving as chair of the GOAA’s Executive Airport Commission as well as the Commercial Properties Committee. In addition, Mr. Good currently serves on the Board of Governors of the State University System of Florida, having been appointed to that position in May 2024 by Governor Ron DeSantis. From 2010 to 2019, Mr. Good served as Managing Director for Jones Lang LaSalle, and prior to that served as a Senior Vice President for Trammell Crow Company. 

Rachel Elias Wein has served as one of our directors since February 2021. She is chairman of the Compensation Committee of the Board (the “Compensation Committee”) and a member of the Audit Committee and the Governance Committee. Ms. Elias Wein is the Founder and Chief Executive Officer of WeinPlus, a strategy and management consultancy focused on commercial real estate. In this capacity, Ms. Elias Wein serves as the principal strategic advisor to national retailers and institutional real estate organizations. She has held this position since January 2009. In addition, she serves as a Senior Advisor at Costco Wholesale. Prior to founding WeinPlus, Ms. Elias Wein held various roles at The Sembler Company, a multifaceted real estate development company, and Ernst & Young in the Real Estate Advisory practice. Ms. Elias Wein currently serves as a Trustee for the St. Petersburg Police Department Pension Fund since 2023, the Office Depot Retail Advisory Board since 2025, and the Essential Growth Properties Advisory Board since 2023. She also serves as a Trustee of the International Council of Shopping Centers Foundation, Shorecrest Preparatory School, and the University of Florida Bergstrom Center for Real Estate. 

Brenna A. Wadleigh has served as one of our directors since November 2024. She is a member of the Audit Committee and the Compensation Committee. Ms. Wadleigh has served as Chief Executive Officer of N3 Real Estate since 2015. N3 Real Estate is a real estate development and investment firm based in Southlake, Texas that acquires, develops and manages retail properties across the U.S. Ms. Wadleigh is a member of the College of Business Advisory Board of the University of Texas at Arlington and previously served in various roles with Commercial Real Estate Women (CREW Dallas). Prior to joining N3 Real Estate as President in 2007, Ms. Wadleigh served in various roles at Crescent Real Estate Equities, a publicly traded REIT based in Fort Worth, Texas, from 1998 to 2007. Ms. Wadleigh earned a Bachelor of Business Administration in Finance from the University of Texas at Arlington and is a Certified Public Accountant and licensed Sales Agent in Texas.