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ARC New York City REIT amends tender offer

American Realty Capital New York City REIT Inc. amended its tender offer and is now offering to purchase up to 1.6 million of its own shares at $17.03 apiece.

The company originally offered to buy up to 1,935,484 shares at $15.50 apiece.

The office-focused REIT initially commenced the offer in response to Comrit Investments 1 LP's $14.68-per-share tender offer to buy up to 1.6 million American Realty shares. Comrit then subsequently raised the per-share offer price to $16.02 and extended the tender offer expiration date.

Both the tender offers are slated to expire March 20 at 11:59 p.m. ET.