American Strategic Investment Co.

American Strategic Investment Co. (NYSE: NYC) operates as an externally managed commercial real estate investment company focused on properties located within the five boroughs of New York City, primarily Manhattan. The company's website is www.americanstrategicinvestment.com.

As of December 31, 2025, the company owns five properties comprising approximately 0.7 million rentable square feet, consisting primarily of office space along with accompanying retail spaces, amenities, and parking facilities. The largest asset, 123 William Street, represents approximately 73 percent of total rentable square footage and 67 percent of annualized straight-line rent. The portfolio features a diverse tenant mix, with the government and public administration sector representing 27 percent of annualized straight-line rent, retail at 14 percent, non-profit at 13 percent, office space at 10 percent, and fitness at 10 percent. As of December 31, 2025, the portfolio maintained 80.3 percent occupancy with a weighted average remaining lease term of 6.1 years.

The company historically operated as a real estate investment trust from 2014 through 2022 but revoked its REIT election effective January 1, 2023, transitioning to a taxable C corporation. This strategic shift enables the company to expand beyond traditional REIT-qualifying assets into other asset types and operating businesses, including potential investments in hospitality, residential properties, and real estate debt instruments such as first mortgage loans, mezzanine loans, and preferred equity.

The company is externally managed by New York City Advisors, LLC, with property management services provided by New York City Properties, LLC, both under common control with AR Global Investments, LLC. As an externally managed entity, the company maintains no employees of its own. The company's business is conducted substantially through New York City Operating Partnership, L.P., a Delaware limited partnership.

The company's investment strategy emphasizes acquiring high-quality commercial real estate with strong tenant creditworthiness, targeting properties with 80 percent or greater occupancy at acquisition, and maintaining long-term leases to support stable cash flows. The company pursues expense reduction initiatives and seeks to maximize total returns to stockholders through a combination of realized appreciation and current income.