Know all by these presents, that the undersigned hereby constitutes and appoints each of John Raney and
Raymond J. Pacini, the undersigned's true and lawful attorneys-in-fact to:

(1)    prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to
the U.S. Securities and Exchange Commission (the "SEC") a Form ID, including
amendments thereto, and any other documents necessary or appropriate to obtain codes and
passwords enabling the undersigned to make electronic filings with the SEC of reports
required by Section 16(a) of the Securities and Exchange Act of 1934 or any rule or
regulations of the SEC;

(2)    execute for and on behalf of the undersigned, in the undersigned's capacity as an officer,
director and/or 10% stockholder of Modiv Inc. (the "Company"), Forms 3, 4, and 5, and amendments thereto,
in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules
thereunder, and any other forms or reports, including Schedules 13D or 13G, the undersigned may be required
to file in connection with the undersigned's ownership, acquisition, or disposition of securities of the

(3)    do and perform any and all acts for and on behalf of the undersigned which may be necessary
or desirable to complete and execute any such Form ID and Form 3, 4, or 5, or other form or
report, including Schedules 13D or 13G, or amendment thereto, and timely file such form with the SEC and any stock
exchange, self-regulatory association or similar authority; and

(4)    take any other action of any type whatsoever in connection with the foregoing which, in the
opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally
required by, the undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in
such form and shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.

    The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform
any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could
do if personally present, with full power of substitution or revocation, hereby ratifying and confirming
all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause
to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned
acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

    The validity of this Power of Attorney shall not be affected in any manner by reason of the execution, at
any time, of other powers of attorney by the undersigned in favor of persons other than those named

    This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to
file Forms 3, 4, and 5 or Schedules 13D or 13G with respect to the undersigned's holdings of and transactions
in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered
to the foregoing attorneys-in-fact. This Power of Attorney may be filed with the SEC as a confirming statement
of the authority granted herein.

IN WITNESS WHEREOF, I have hereunto set my hand this 17th day of June, 2022.

        /s/ NASSER WATAR
        Name: GROUP OF TROPHY, LLC
                  NASSER WATAR, MANAGER