Articles from American Strategic Investment Co.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that December 19, 2024, has been set as the closing date for the sale of its 9 Times Square Midtown Manhattan property (“9 Times Square”) for a contract sales price of $63.5 million. Additionally, in connection with this transaction, the buyer has paid a $7 million non-refundable deposit with respect to the sales price.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended September 30, 2024.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the third quarter ended September 30, 2024, on Tuesday, November 12, 2024, before the New York Stock Exchange open.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the second quarter ended June 30, 2024.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the second quarter ended June 30, 2024, on Friday, August 9, 2024, before the New York Stock Exchange open.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it has agreed to a term sheet to sell its 9 Times Square Midtown Manhattan property (“9 Times Square”) for $63.5 million. It is expected that the closing of the transaction will occur within 120 days of the execution of a definitive purchase and sale agreement between the parties.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it has filed with the Securities and Exchange Commission (“SEC”) a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated May 21, 2024, regarding the tender offer commenced by Bellevue Capital Partners, LLC (“Bellevue”) on May 7, 2024, to purchase up to 125,000 shares of the Company’s Class A common stock at a price of $9.25 per share (the “Tender Offer”). The Company’s board of directors has made no determination of the fairness of the Tender Offer or whether it is in the best interests of stockholders, makes no recommendation and is neutral as to whether stockholders should accept or reject the offer to tender their shares. The Company urges each stockholder to review the Schedule 14D-9 and the accompanying Letter to Stockholders as well as the tender offer materials sent by Bellevue and to make its own decision regarding the Tender Offer based on the available information. The Tender Offer will expire at 5:00 PM, New York City time, on July 5, 2024, unless extended or earlier terminated by Bellevue.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the first quarter ended March 31, 2024.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it completed one new license agreement in the first quarter for approximately 8,000 square feet, resulting in a portfolio occupancy of 87.2%. Additionally, the Company’s leasing pipeline totals approximately 14,000 square feet.

American Strategic Investment Co. (NYSENYC) (“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.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the first quarter ended March 31, 2024, on Friday, May 10, 2024, before the New York Stock Exchange open.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2023.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the fourth quarter and year ended December 31, 2023, on Monday, April 1, 2024, after the close of trading on the New York Stock Exchange.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announces the following changes to its Board of Directors.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended September 30, 2023.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the third quarter ended, September 30, 2023, on Thursday, November 9, 2023, before the start of trading on the New York Stock Exchange.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it completed the sale of the property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it has filed with the Securities and Exchange Commission (“SEC”) a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated October 10, 2023, regarding the tender offer commenced by Bellevue Capital Partners, LLC (“Bellevue”) on September 27, 2023, to purchase up to 350,000 shares of the Company’s Class A common stock at a price of $10.25 per share (the “Tender Offer”). The Company’s board of directors has made no determination of the fairness of the Tender Offer or whether it is in the best interests of stockholders, makes no recommendation and is neutral as to whether stockholders should accept or reject the offer to tender their shares. The Company urges each stockholder to review the Schedule 14D-9 and the accompanying Letter to Stockholders as well as the tender offer materials sent by Bellevue and to make its own decision regarding the Tender Offer based on the available information. The Tender Offer will expire at 11:59 PM, New York City time, on October 26, 2023, unless extended or earlier terminated by Bellevue.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”) announced today that it has signed a definitive purchase and sale agreement to sell a property it owns at 421 W. 54th Street (the “Hit Factory”) for $4.5 million. The sale is expected to close in the fourth quarter, 2023. Net proceeds from the sale of the property, which is unencumbered, will be available for general corporate purposes.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the second quarter ended June 30, 2023.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today it will release its financial results for the second quarter ended June 30, 2023 on Friday, August 11, 2023 before the start of trading on the New York Stock Exchange.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the first quarter ended March 31, 2023.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today it will release its financial results for the first quarter ended March 31, 2023, on Friday, May 12, 2023, before the start of trading on the New York Stock Exchange.

American Strategic Investment Co. (NYSENYC) (“ASIC” or the “Company”), a company that owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the fourth quarter and year ended December 31, 2022. All per share data has been retroactively adjusted to reflect the 1-for-8 reverse stock split which occurred on January 11, 2023.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today the execution of a 9,300 square foot lease at 1140 Avenue of the Americas in New York City. The lease is with Security Scorecard, has a duration of 3.5 years, and replaces an expiring lease with another tenant. Security Scorecard provides continuous monitoring of their customers security risk posture based on their online web presence. Additionally, the company announced that Jones Lang Lasalle (“JLL”) has been named the exclusive leasing agent for the Company at 1140 Avenue of the Americas.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today it will release its financial results for the fourth quarter and year ended December 31, 2022 on Thursday, March 16, 2023 before the start of trading on the New York Stock Exchange.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today the final results of its non-transferable rights offering (the “Rights Offering), which entitled holders of rights to purchase 0.20130805 of a share of the Company’s Class A common stock, par value $0.01 per share, (the “Common Stock”) for every right held at a subscription price of $12.95 per whole share. The Rights Offering expired on February 22, 2023 at 5:00 p.m., Eastern Time.

American Strategic Investment Co. (NYSENYC) (“NYC” or the “Company”) announced today that it commenced an offering of shares of its Class A common stock, par value $0.01 per share (the “Common Stock”) through a rights offering (the “Rights Offering”).