CONSENT OF INDEPENDENT VALUER
We hereby consent to the reference to our name and the description of our role in the valuation process of any properties owned by Cole Credit Property Trust V, Inc. and its subsidiaries (collectively, the “Company”) referred to in Supplement No. 11 dated April 11, 2016 to Cole Credit Property Trust V, Inc.’s prospectus dated October 20, 2015 contained in the Registration Statement on Form S-11 (SEC File No. 333-189891) of Cole Credit Property Trust V, Inc.
In giving such consent, we do not thereby admit we are in the category of persons whose consent is required under Section 7 of the Securities Act of 1933.
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| April 11, 2016 | | /s/ Duff & Phelps, LLC | |
| | | Duff & Phelps, LLC | |
