trending Market Intelligence /marketintelligence/en/news-insights/trending/gstmtqsfjzhexspjr9lemw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

ARC New York City REIT discloses results of self-tender offer for shares

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


ARC New York City REIT discloses results of self-tender offer for shares

American Realty Capital New York City REIT's self-tender offer for up to 500,000 of its common shares at $12.95 apiece expired July 24, with the company accepting for purchase all 210,014.31 shares validly tendered in the offer.

The company said it acquired the shares for a total cost of about $2.7 million, excluding relevant fees and expenses. The shares accepted for purchase represent 0.7% of the real estate investment trust's issued and outstanding shares as of June 30.

The New York City-focused REIT had launched the offer to deter MacKenzie Realty Capital Inc. and other possible bidders for the company's shares.