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| 8-K - New York REIT Liquidating LLC | v239891_8k.htm |
CONTACTS
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From: Anthony J. DeFazio
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For: Michael Happel
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DeFazio Communications, LLC
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American Realty Capital New York Recovery REIT, Inc.
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tony@defaziocommunications.com
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mhappel@arlcap.com
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Ph: 484-532-7783
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Ph: 212-415-6500 |
FOR IMMEDIATE RELEASE
American Realty Capital New York Recovery REIT Acquires
Four Retail Condominiums in Tribeca, Manhattan
New York, NY, November 9, 2011 – American Realty Capital New York Recovery REIT, Inc., (the “Company”) announced today that it has acquired a fee-simple interest in a portfolio of four retail condominiums located on 416-424 Washington Street in the Tribeca neighborhood of Manhattan, New York, for a purchase price, excluding acquisition costs, of approximately $9.86 million.
The portfolio consists of four retail condominiums situated on Washington Street at its intersection with Laight Street and contains a total of approximately 24,000 square feet, including approximately 15,000 square feet in a parking garage and approximately 1,750 square feet in basement storage space. The portfolio is 100% leased. The four leases have maturities ranging from 2015 to 2030.
American Realty Capital New York Recovery REIT, Inc. is a publicly registered, non-traded real estate investment program that has commenced its initial public offering of up to 150 million shares of common stock, at a purchase price of $10 per share, for an aggregate offering amount of up to $1.5 billion. The Company intends to use the proceeds from the offering to acquire commercial real estate in New York City. The Company is offering the shares of common stock on a “best efforts” basis through its affiliate, Realty Capital Securities, LLC, the dealer manager of the offering.
Copies of the prospectus for the offering may be obtained by contacting: Realty Capital Securities, LLC, Three Copley Place, Suite 3300, Boston, MA 02116, Tel: 1-877-373-3522.
To arrange interviews with executives of American Realty Capital New York Recovery REIT, Inc. please contact Tony DeFazio at 484-532-7783 or tony@defaziocommunications.com.