American Strategic Investment Co. to Accelerate Evolution of Business Model
American Strategic Investment Co. Class A (NYC)
Company Research
Source: Business Wire
– Expects to Accelerate Efforts to Diversify Through the Divestiture of Properties –– Company Secures Loan Extension – NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it intends to accelerate its efforts to evolve and diversify its business. The Company has started the process to market for sale its 9 Times Square Midtown Manhattan asset (“9 Times Square”). In addition, the Company intends to market for sale its properties located at 123 William Street and 196 Orchard Street. These strategic dispositions are in furtherance of the Company’s previously announced repositioning of the Company’s investment portfolio and expanded business plan to invest in assets beyond Manhattan real estate.The Company has also secured an amendment of the loan on 9 Times Square, which extends the maturity date to October 2024, with the option of an additional extension to year-end 2024 subject to certain conditions, to facilitate th
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News
- New York City REIT, Inc. (NYSE:NYC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- American Strategic Investment Co. Announces First Quarter 2024 ResultsBusiness Wire
- BELLEVUE CAPITAL PARTNERS, LLC LAUNCHES TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP.PR Newswire
- American Strategic Investment Co. Announces New Leasing, 87.2% OccupancyBusiness Wire
- American Strategic Investment Co. Announces Release Date for First Quarter ResultsBusiness Wire
NYC
Earnings
- 5/10/24 - Miss
NYC
Sec Filings
- 5/16/24 - Form SC
- 5/10/24 - Form 8-K
- 5/10/24 - Form 8-K
- NYC's page on the SEC website