ShopOne Centers REIT Adds Joseph LoParrino to Executive Team

ShopOne
Centers REIT Inc., (“ShopOne” or the “Company”) a leading owner,
operator and manager of high-quality grocery-anchored shopping centers,
is pleased to announce the addition of Joseph V. LoParrino, CPA, as
Chief Accounting Officer. Mr. LoParrino, who has a strong understanding
of GAAP accounting, SEC compliance internal controls, tax compliance and
cash management, will be an integral part of ShopOne’s leadership team.
He will be based in the company’s New York office.

Mr. LoParrino has spent over 25 years in both the public and private
accounting sectors, with a deep focus on real estate. He spent close to
a decade at Urstadt Biddle Properties and also held notable positions
with Retail Opportunity Investments Corp. and New Plan Excel Realty
Trust – two companies in which he worked directly with ShopOne Chief
Financial Officer, John Roche.

“Joe has gained invaluable insights and experience throughout his
distinguished career, which will benefit us as we continue to grow the
ShopOne platform,” said Mr. Carroll. “Joe is widely respected across the
real estate industry and we look forward to his contributions.”

Mr. LoParrino joins ShopOne from AmTrust Realty Corp., where he spent
the past two years serving as Vice President of Finance. In this role,
he directed all aspects of accounting and finance operations. Prior to
AmTrust, Mr. LoParrino spent time in lead accounting and financial roles
with prominent REITs and real estate companies, including Seneca
Mortgage Servicing LLC, serving as Controller and Treasurer, United
Realty Advisors as Chief Accounting Officer and Treasurer and as
Director of Accounting at Monday Properties.

“I am excited to once again partner with Mike and John to build a
premier grocery-anchored shopping center company,” said Mr. LoParrino.
“I have been impressed by ShopOne’s early success and am glad to be able
to play a central role in further expanding the platform.”

Mr. LoParrino holds a Bachelor of Arts in accounting and economics from
Queens College of the City University of New York and is a Certified
Public Accountant by the State of New York.

About ShopOne

ShopOne Centers REIT is a leading owner, operator and manager of
high-quality shopping centers. The Company’s more than 49 retail centers
located in established trade areas and are supported by a diverse mix of
highly productive non-discretionary, value-oriented and grocery
retailers. ShopOne is committed to maximizing the value of its portfolio
by capitalizing on embedded growth opportunities through driving rents,
increasing occupancy and pursuing value-enhancing redevelopment
opportunities. To learn more about ShopOne, please visit www.ShopOne.com.

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