SCHEDULE: Bellevue Capital Partners Buys American Strategic Investment Co. Stock

Bellevue Capital Partners, LLC and affiliated entities have disclosed open market purchases of American Strategic Investment Co. Class A common stock, increasing their aggregate beneficial ownership.

Summary

• Bellevue Capital Partners, LLC and affiliated entities have filed an amendment to their Schedule 13D, reporting open market purchases of American Strategic Investment Co. Class A common stock.
• These transactions occurred between June 25, 2026, and August 27, 2026.
• As of the filing date, Bellevue Capital Partners, LLC beneficially owns 1,964,853 shares, representing 62.1% of the Class A common stock.
• Nicholas S. Schorsch beneficially owns 1,991,412 shares, representing 62.9% 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 1,165,233 shares, representing 36.8% of the Class A common stock.
• On August 25, 2026, 160,766 shares were issued to New York City Advisors, LLC under an incentive compensation plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive, reflecting active share acquisition by key entities, but also highlighting the significant ownership stake and potential influence of these entities.

Positives

• Bellevue Capital Partners, LLC and affiliated entities are actively increasing their stake in American Strategic Investment Co. through open market purchases.
• The aggregate beneficial ownership by Bellevue Capital Partners, LLC and Nicholas S. Schorsch indicates significant conviction in the company.
• The issuance of shares to New York City Advisors, LLC under an incentive plan suggests alignment of interests between management and the company.

Negatives

• The substantial ownership by a few entities could concentrate control and potentially limit the influence of other shareholders.
• The filing is an amendment to a Schedule 13D, indicating ongoing changes in beneficial ownership and potentially strategic maneuvering.

Risks

• Concentration of ownership among a few reporting persons could lead to potential conflicts of interest or influence over corporate decisions.
• The significant stake held by these entities may impact the company's ability to attract other strategic investors or pursue certain corporate actions.

Future Outlook

No specific forward-looking statements or guidance were provided in this amendment.

Management Comments

• "Unless otherwise indicated, these shares were purchased in multiple transactions at the price ranges set forth in the column labelled Price Range."
• "Bellevue Capital Partners undertakes to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range."
• "After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct."

Industry Context

StockSavvy.ai notes that significant share accumulation by investment firms like Bellevue Capital Partners in publicly traded companies often signals a belief in undervalued assets or a strategy to influence corporate direction. This activity is common in real estate investment trusts (REITs) and other publicly traded entities where concentrated ownership can be a factor.

Related Party Transactions

• On August 25, 2026, 160,766 fully-vested shares of Class A common stock were issued to New York City Advisors, LLC, the external advisor of the Issuer, pursuant to the 2020 Advisor Omnibus Incentive Compensation Plan, in connection with fees earned.

Stakeholder Impact

• Shareholders: Increased concentration of ownership may affect voting power and potential for future corporate actions.
• Management: The significant stake held by reporting persons could influence strategic decisions and board composition.
• Creditors: While not directly addressed, significant changes in control can sometimes impact a company's financial stability and creditworthiness.

Next Steps

• Bellevue Capital Partners will provide full information regarding the number of shares purchased at each separate price within the specified ranges to the SEC staff upon request.

Key Dates

Recommendation

The filing indicates significant accumulation of shares by Bellevue Capital Partners and Nicholas S. Schorsch, suggesting strong conviction. However, the lack of new strategic initiatives or financial performance data in this specific filing warrants a 'hold' recommendation, pending further information on the strategic intent behind this increased ownership.

Keywords

American Strategic Investment Co., Bellevue Capital Partners, Schedule 13D, Beneficial Ownership, Class A Common Stock, Open Market Purchases, Nicholas S. Schorsch, AR Global Investments