American Strategic Investment Co. to Accelerate Evolution of Business Model
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.
- 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.