EX-99.1
2
v388726_ex99-1.htm
PRESS RELEASE
FOR IMMEDIATE RELEASE
American Realty Capital New York City
REIT
Acquires Laurel Commercial Condominiums
New York, New York, September 9, 2014
- American Realty Capital New York City REIT, Inc. ("NYCR"), a public non-traded real estate investment trust
("REIT"), announced today that it completed the acquisition of the Laurel Commercial Condominiums located at 400 East
67
th
Street in the Upper East Side neighborhood of Manhattan for $76 million, exclusive of closing costs. The Laurel
Commercial Condominiums contain three commercial condominium units, together, 58,750 rentable square feet, and are 100% leased
to three tenants: Cornell University, TD Bank and Quik Park. The seller was represented by the Capital Transactions Group at Savills
Studley.
"We are pleased to announce this
acquisition as it is consistent with our strategy of purchasing high-quality New York City properties that will generate durable
income and appreciation potential for our shareholders", said Michael A. Happel, President of NYCR. Mr. Happel added, "This
property is leased to high-quality tenants, is in excellent physical condition since it was recently built, and is in a strategically
important location given its proximity to New York-Presbyterian Hospital and several other medical facilities".
About NYCR
NYCR intends to elect and qualify as a
REIT for U.S. federal income tax purposes beginning with the taxable year ending December 31, 2014 or its first year of material
operations. Additional information about NYCR can be found on its website at www.newyorkcityreit.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
Michael A. Happel
President
American Realty Capital New York City REIT, Inc.
mhappel@arlcap.com
(212) 415-6500
Gregory R. Sullivan
Chief Operating Officer and Chief Financial Officer
American Realty Capital New York City REIT, Inc.
gsullivan@arlcap.com
(212) 415-6500
Andrew G. Backman
Managing Director
Investor Relations and Public Relations
RCS Capital Corporation
abackman@rcscapital.com
(917) 475-2135
Anthony J. DeFazio
SVP of Public Relations
DDCworks
tdefazio@ddcworks.com
(484) 342-3600

EX - 99 . 1 2 v388726 _ ex99 - 1 . htm PRESS RELEASE FOR IMMEDIATE RELEASE American Realty Capital New York City REIT Acquires Laurel Commercial Condominiums New York , New York , September 9 , 2014 - American Realty Capital New York City REIT , Inc . ( " NYCR " ) , a public non - traded real estate investment trust ( " REIT " ) , announced today that it completed the acquisition of the Laurel Commercial Condominiums located at 400 East 67 th Street in the Upper East Side neighborhood of Manhattan for $ 76 million , exclusive of closing costs . The Laurel Commercial Condominiums contain three commercial condominium units , together , 58,750 rentable square feet , and are 100 % leased to three tenants : Cornell University , TD Bank and Quik Park . The seller was represented by the Capital Transactions Group at Savills Studley . " We are pleased to announce this acquisition as it is consistent with our strategy of purchasing high - quality New York City properties that will generate durable income and appreciation potential for our shareholders " , said Michael A . Happel , President of NYCR . Mr . Happel added , " This property is leased to high - quality tenants , is in excellent physical condition since it was recently built , and is in a strategically important location given its proximity to New York - Presbyterian Hospital and several other medical facilities " . About NYCR NYCR intends to elect and qualify as a REIT for U . S . federal income tax purposes beginning with the taxable year ending December 31 , 2014 or its first year of material operations . Additional information about NYCR can be found on its website at www.newyorkcityreit.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 Michael A . Happel President American Realty Capital New York City REIT , Inc . mhappel@arlcap.com ( 212 ) 415 - 6500 Gregory R . Sullivan Chief Operating Officer and Chief Financial Officer American Realty Capital New York City REIT , Inc . gsullivan@arlcap.com ( 212 ) 415 - 6500 Andrew G . Backman Managing Director Investor Relations and Public Relations RCS Capital Corporation abackman@rcscapital.com ( 917 ) 475 - 2135 Anthony J . DeFazio SVP of Public Relations DDCworks tdefazio@ddcworks.com ( 484 ) 342 - 3600