New York REIT, Inc. Enters Into Contract to Sell its 1440 Broadway Property
NEW YORK REIT (NYRT)
US:NYSE Investor Relations:
nyrt.com
Company Research
Source: GlobeNewswire
NEW YORK, Nov. 02, 2017 (GLOBE NEWSWIRE) -- New York REIT, Inc. (NYSE:NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has entered into a contract to sell its property located at 1440 Broadway, in New York, New York for $520 million to an unaffiliated third party. The consummation of the sale is subject to customary closing conditions for sales of real property in New York, New York. The closing is expected to occur prior to year-end. About NYRT NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our website at
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