trending Market Intelligence /marketintelligence/en/news-insights/trending/gijl9znoifz9v_d848u-oa2 content esgSubNav
In This List

ARC New York City REIT details results of third-party tender offer

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


ARC New York City REIT details results of third-party tender offer

ARC New York City REIT Inc. shareholders tendered 124,801 shares of the nontraded real estate investment trust to Comrit Investments 1 LP for roughly $2.0 million.

Comrit Investments offered to purchase up to 124,844 shares of ARC at $16.02 per share.

Following the purchase, Comrit will own around 170,003 shares, or 0.54%, of the REIT's outstanding common stock.

The REIT, in response to Comrit's offer, launched its own tender offer for 140,000 shares at $17.03 per share.