EX-99.1
2
v352652_ex99-1.htm
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
American Realty Capital New York Recovery
REIT Purchases Institutional-Quality Office Building in Midtown Manhattan from SL Green
New York, New York, August 12, 2013
- American
Realty Capital New York Recovery REIT, Inc. ("NYRR") announced today it acquired from SL Green a 10-story office building
located at 333 West 34
th
Street in Midtown Manhattan for $220.3 million, exclusive of closing costs. The property contains
approximately 347,000 rentable square feet and is 100% leased to four tenants: The Segal Company (Eastern States), Inc.; The Metropolitan
Transportation Authority; Godiva Chocolatier Inc.; and Sam Ash New York Megastores, LLC.
Michael A. Happel, Chief Investment Officer of NYRR, explained,
"The purchase of 333 West 34th Street exemplifies our commitment to buying well-located, well-tenanted, stabilized assets
in New York City with potential for asset appreciation and limited downside risk. This building is situated between the burgeoning
Hudson Yards and Herald Square sub-markets of Midtown Manhattan, and features top-quality tenants at below market rents. With the
addition of this asset, we have created a portfolio totaling approximately $775 million. We remain focused on acquiring quality
New York City real estate with rents that are accretive to our distributions".
About NYRR
NYRR is a publicly registered, non-traded
real estate investment trust that has qualified as a REIT for tax purposes. Additional information about NYRR can be found on its
website at www.newyorkrecoveryreit.com.
Important Notice
The statements in this press release that
are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that
could cause the outcome to be materially different. In addition, words such as "anticipate", "believe,"
"expect" and "intend" indicate a forward-looking statement, although not all forward-looking statements
include these words.
Contacts
From: Anthony J. DeFazio
For: Michael A. Happel, CIO
DDCWorks
American Realty Capital New York Recovery REIT, Inc.
tdefazio@ddcworks.com
mhappel@arlcap.com
Ph: 484-342-3600
Ph: 212-415-6500

EX - 99 . 1 2 v352652 _ ex99 - 1 . htm EXHIBIT 99 . 1 FOR IMMEDIATE RELEASE American Realty Capital New York Recovery REIT Purchases Institutional - Quality Office Building in Midtown Manhattan from SL Green New York , New York , August 12 , 2013 - American Realty Capital New York Recovery REIT , Inc . ( " NYRR " ) announced today it acquired from SL Green a 10 - story office building located at 333 West 34 th Street in Midtown Manhattan for $ 220.3 million , exclusive of closing costs . The property contains approximately 347,000 rentable square feet and is 100 % leased to four tenants : The Segal Company ( Eastern States ) , Inc . ; The Metropolitan Transportation Authority ; Godiva Chocolatier Inc . ; and Sam Ash New York Megastores , LLC . Michael A . Happel , Chief Investment Officer of NYRR , explained , " The purchase of 333 West 34th Street exemplifies our commitment to buying well - located , well - tenanted , stabilized assets in New York City with potential for asset appreciation and limited downside risk . This building is situated between the burgeoning Hudson Yards and Herald Square sub - markets of Midtown Manhattan , and features top - quality tenants at below market rents . With the addition of this asset , we have created a portfolio totaling approximately $ 775 million . We remain focused on acquiring quality New York City real estate with rents that are accretive to our distributions " . About NYRR NYRR is a publicly registered , non - traded real estate investment trust that has qualified as a REIT for tax purposes . Additional information about NYRR can be found on its website at www.newyorkrecoveryreit.com . Important Notice The statements in this press release that are not historical facts may be forward - looking statements . These forward - looking statements involve risks and uncertainties that could cause the outcome to be materially different . In addition , words such as " anticipate " , " believe , " " expect " and " intend " indicate a forward - looking statement , although not all forward - looking statements include these words . Contacts From : Anthony J . DeFazio For : Michael A . Happel , CIO DDCWorks American Realty Capital New York Recovery REIT , Inc . tdefazio@ddcworks.com mhappel@arlcap.com Ph : 484 - 342 - 3600 Ph : 212 - 415 - 6500
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