SCHEDULE 13D/A: Bellevue Capital Partners Boosts Stake in American Strategic Investment Co. to 56.6% Through Open Market Purchases

Bellevue Capital Partners, LLC and affiliated entities have significantly increased their beneficial ownership in American Strategic Investment Co., now holding 56.6% of Class A common stock through recent open market purchases.

Summary

• This document is Amendment No. 19 to a Schedule 13D filing, updating beneficial ownership information for American Strategic Investment Co. (formerly New York City REIT, Inc.).
• Bellevue Capital Partners, LLC conducted open market purchases of Class A Common Stock from July 19, 2024, to January 17, 2025, acquiring a total of 25,167 shares.
• The weighted average price per share for these purchases ranged from $8.34 to $9.21.
• As of January 17, 2025, Bellevue Capital Partners, LLC beneficially owns 1,459,853 shares, representing 56.6% of the Class A Common Stock.
• Nicholas S. Schorsch, an affiliated reporting person, beneficially owns 1,486,412 shares, representing 57.6% of the Class A Common Stock.
• AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Limited Partnership, LLC, and New York City Advisors, LLC each beneficially own 520,666 shares, representing 20.2% of the Class A Common Stock.
• Edward M. Weil, Jr. beneficially owns 109 shares, representing 0.1% of the Class A Common Stock.
• The percentages of ownership are calculated based on 2,663,980 outstanding shares of Class A Common Stock as of November 8, 2024.

Sentiment

Score: 7

Explanation: The increased beneficial ownership by Bellevue Capital Partners, LLC and affiliated entities, including significant open market purchases, suggests strong confidence from a major investor group in American Strategic Investment Co. This is generally viewed positively by the market.

Positives

• The significant increase in beneficial ownership by Bellevue Capital Partners, LLC and affiliated entities, including open market purchases, indicates strong confidence from a major investor group in American Strategic Investment Co.

Future Outlook

NA

Industry Context

This filing relates to American Strategic Investment Co., which was formerly known as New York City REIT, Inc., indicating its business is likely within the real estate investment trust (REIT) sector. The increased stake by a significant investor group could be seen as a positive signal within the real estate investment community.

Related Party Transactions

• Bellevue Capital Partners, LLC, a reporting person and significant beneficial owner, conducted open market purchases of 25,167 shares of Class A Common Stock from July 19, 2024, to January 17, 2025. These transactions contribute to the increased beneficial ownership reported by affiliated entities.

Stakeholder Impact

• Shareholders: The increased accumulation of shares by a significant investor group may signal confidence in the company's future, potentially leading to positive market perception and share price stability or appreciation.

Key Dates

Recommendation

Keywords

American Strategic Investment Co., Bellevue Capital Partners, Schedule 13D/A, beneficial ownership, Class A common stock, share purchases, SEC filing, investment, REIT, New York City REIT