|   | GOLF      TRUST OF AMERICA, INC. |                         |
|--------|----------------------------------|------------------------------|
|   |                             |                         |   |
|   | By:                              | /s/      M ICHAEL C. P EARCE |   |
|   |                             | Michael      C. Pearce       |   |
|   |                             | Chief      Executive Officer |   |

|                            |   |                                                                       |   |                   |
|---------------------------------|--------|----------------------------------------------------------------------------|--------|------------------------|
| Signature                       |   | Title                                                                      |   | Date                   |
|                            |   |                                                                       |   |                   |
| /s/      M ICHAEL C. P EARCE    |   | Chief      Executive Officer and                                           |   | February      24, 2010 |
| Michael      C. Pearce          |   | Chairman      of the Board of Directors (Principal      Executive Officer) |   |                   |
|                            |   |                                                                       |   |                   |
| /s/      T RACY S. C LIFFORD    |   | Chief      Financial Officer and Secretary                                 |   | February      24, 2010 |
| Tracy      S. Clifford          |   | (Principal      Financial Officer)                                         |   |                   |
|                            |   |                                                                       |   |                   |
| /s/      J ONATHAN M. C OUCHMAN |   | Director                                                                   |   | February      24, 2010 |
| Jonathan      M. Couchman       |   |                                                                       |   |                   |
|                            |   |                                                                       |   |                   |
| /s/      J AY A. G OTTLIEB      |   | Director                                                                   |   | February      24, 2010 |
| Jay      A. Gottlieb            |   |                                                                       |   |                   |
|                            |   |                                                                       |   |                   |
| /s/      J AN H. L OEB          |   | Director                                                                   |   | February      24, 2010 |
| Jan      H. Loeb                |   |                                                                       |   |                   |
|                            |   |                                                                       |   |                   |
| /s/      W ILLIAM V LAHOS       |   | Director                                                                   |   | February      24, 2010 |
| William      Vlahos             |   |                                                                       |   |                   |