American Realty Capital New York Recovery REIT, Inc. Scheduled to List

Apr 04, 2014
AOG Wealth Management

The company commenced its public offering in September 2010 and closed to new investors in November 2013. They have built a portfolio of 23 high quality properties located entirely in New York City, comprised of nearly 90% office or retail properties.

Michael A. Happel, the Company’s President added, “In some ways, I view this listing as the “second act” for our Company. We’re very proud of the portfolio we’ve assembled at a time in the New York real estate market that proved opportune for investors. Our entire portfolio was acquired within the last four years, is 100% located in New York City, and is comprised of more than 90% office or retail properties. In short, we are the “pure play” on New York City real estate. Looking forward, we have an active pipeline of acquisition opportunities, an investment grade quality balance sheet, and strong internal growth prospects within the existing portfolio.”

Your advisors at AOG Wealth Management are pleased to observe this “liquidity” event occurring so soon after the fund closed to investors as a non-traded REIT. Our Analysts and Investment Committee will be closely analyzing the offering documents and evaluating comparable traded REITs to determine a recommended sale price.

Share this post with others

Share by: