NorthStar/RXR New York Metro Real Estate Inc. is considering various strategic alternatives, including a potential sale of some or all of its assets.
The office real estate investment trust's board set up a special committee made up of the company's three independent directors to explore strategic alternatives, which may also include a merger, restructuring, capital raise and joint venture, as well as other liquidity options.
NorthStar/RXR said there is no assurance that the process will lead to a deal.
Venable LLP will be the committee's legal adviser with respect to the strategic review process.
