New York City REIT, Inc. Confirms August 18, 2020 Listing on the NYSE

NEW YORK, Aug. 13, 2020 /PRNewswire/ --A New York City REIT, Inc. (the "Company" or "NYC") confirmed today that, consistent with its previous announcements, it will list its shares of Class A common stock on the New York Stock Exchange (the "NYSE") under the symbol "NYC" on August 18, 2020.
New York City REIT, Inc. Confirms August 18, 2020 Listing on the NYSE
"We look forward to our listing on the NYSE and the enhanced access to capital markets that comes with being a traded company, especially in the current environment where we may be able to capitalize on short-termA dislocation in the real estate market," said Michael Weil, CEO of NYC. "We are highly confident in the long-term outlook for real estate in Manhattan, a view that is supported by ongoing commitments to long-term leases by major occupiers across the city, including technology and financial services firms. Since the start of the third quarter, AIG took 545,000 square feet downtown and in NoHo, andA Raymond James took 160,000 square feet in Midtown. Recently it was announced that Facebook has signed a lease for 730,000 square feet on the west side of Penn Station and that TikTok signed a lease for 230,000 square feet in Midtown. We believe that these leases demonstrate the long-term optimism that corporate tenants have for office space throughout Manhattan."The Class A shares being listed on August 18th represent 25% of NYC's outstanding common stock. Every 120 days after the listing, an additional 25% of NYC's stock represented by Class B common stock will convert into Class A common stock, concluding with all shares listed and freely tradeable within 360 days.About New York City REIT
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Апрель 2021    »