New York REIT, Inc. (NYSE:NYRT) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On November 2, 2017, New York REIT, Inc. (the “Company”) entered into an agreement to sell its property located at 1440 Broadway, New York, New York for $520 million to CIM Group Acquisitions, LLC, an unaffiliated third party. 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.
On November 2, 2017, the Company issued a press release with respect to the transaction described in Item 1.01. Such press release shall not be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in Item 8.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. | Description |
| 99.1 | Press release dated November 2, 2017 |
New York REIT, Inc. ExhibitEX-99.1 2 tv478482_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE November 2,…To view the full exhibit click here
About New York REIT, Inc. (NYSE:NYRT)
New York REIT, Inc. is a real estate investment trust. The Company focuses on acquiring and owning office and retail properties in Manhattan. The Company’s business is primarily conducted through New York Recovery Operating Partnership, L.P. The Company owns approximately 20 properties in New York City, which aggregate approximately 3.4 million rentable square feet. The Company holds interests in properties of various types, such as office, retail, hotel, parking and storage. The Company’s properties include Design Center, 416 Washington Street, 50 Varick Street, 1440 Broadway, One Worldwide Plaza, 256 West 38th Street, 229 West 36th Street, 333 West 34th Street, 367-387 Bleecker Street, 33 West 56th Street (garage), 350 West 42nd Street, Foot Locker, Duane Reade and 1100 Kings Highway.
