The boardof Realty Finance Trust Inc.has created a special committee consisting of independent directors that will explorepotential strategic transactions on behalf of the company.

Accordingto a May 6 news release, the special committee has been granted authority to consider,review, evaluate and negotiate a potential strategic transaction.

The boardalso authorized the committee to solicit expressions of interest or other proposalsfor any alternative transactions, which may include a possible sale or merger withone or more related or unrelated entities, listing the company's shares on a nationalexchange or the sale of assets.

RealtyFinance said the committee has retained special legal counsel and is engaging areal estate investment banking group as financial adviser.