NYRT claims building sales will net $1.55B

New York REIT estimates that the planned sale of all its buildings will net shareholders $1.55 billion, the struggling real estate investment said in a statement Thursday. NYRT last year announced that it would liquidate itself and appointed former Vornado Realty Trust executive Wendy Silverstein to oversee the process. Activist investors Steve Witkoff and Michael Ashner had pushed for the move, clashing with the REIT’s former management. The $1.55 billion translates to $9.25 per share, […] Read More >> https://therealdeal.com/2017/05/10/nyrt-claims-building-sales-will-net-1-55b/