UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Item 7.01 Regulation FD Disclosure.
On June 26, 2024, American Strategic Investment Co. (the “Company”) issued a press release announcing the entry into a term sheet for the sale of the Company’s 9 Times Square Midtown Manhattan property (the “Property”), a copy of which is attached hereto as Exhibit 99.1.
The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On June 26, 2024, the Company announced the entry into a term sheet to sell the Property for a purchase price of $63.5 million. It is expected that the closing of the transaction will occur within 120 days of the execution of a definitive purchase agreement between the parties.
As previously announced, the Company secured an amendment of the loan on the Property which extended the maturity date of the loan to October 2024, with the option of an additional extension of the loan to year-end 2024 subject to certain conditions, to facilitate the proposed sale of the Property.
Item 9.01 Financial Statements and Exhibits.
(d)
| Exhibit No | Description | |
| 99.1 | Press Release dated June 26, 2024 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| American Strategic Investment Co. | ||
| Date: June 26, 2024 | By: | /s/ Michael Anderson |
| Michael Anderson | ||
| Chief Executive Officer | ||