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New York REIT provides update on liquidation

New York REIT Inc., which is liquidating, is in contract to sell or has sold all its properties apart from the Viceroy Hotel, the 33 West 56th Street garage and the remaining 50.1% interest in Worldwide Plaza, all in New York.

The office-focused real estate investment trust expects to sell 33 West 56th St. and sign an agreement for the Viceroy Hotel during the second quarter.

As of Feb. 28, the company has paid aggregate cash liquidating distributions of $851.4 million, or $5.07 per share.