X0201 42003-09-290 0001193558 AMERICAN FINANCIAL REALTY TRUST AFR 0001189690 KAHANE WILLIAM M C/O AMERICAN FINANCIAL REALTY TRUST 1735 THE FAIRWAY JENKINTOWN PA 19046 1000Common Shares2003-09-294A0200000.001A21000DConsists of restricted common shares awarded pursuant to the American Financial Realty Trust 2002 Equity Incentive Plan, as amended and restated. These restricted common shares were awarded on September 29, 2003 and will vest as follows: 33.33% on April 23, 2004 and 33.33% on each anniversary thereafter./s/ James W. McKenzie, Jr. By: James W. McKenzie, Jr. as attorney-in-fact for William M. Kahane2003-10-01