Form 4: Nicholas S. Schorsch and Related Entities Report Beneficial Ownership Changes in American Strategic Investment Co.

Nicholas S. Schorsch and related entities, including Bellevue Capital Partners, AR Global Investments, and others, filed a Form 4 disclosing changes in their beneficial ownership of American Strategic Investment Co. common stock.

Summary

• This Form 4 filing reveals changes in the beneficial ownership of American Strategic Investment Co. (NYC) stock by Nicholas S. Schorsch, Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, and New York City Advisors, LLC.
• The earliest transaction date reported is March 1, 2024.
• The filing indicates that 70,607 shares of Class A common stock were acquired at $0 per share due to the 2020 Advisor Omnibus Incentive Compensation Plan.
• Following the reported transactions, Mr. Schorsch directly owns 26,559 shares of Class A common stock.
• Bellevue Capital Partners, LLC directly owns 785,195 shares of Class A common stock.
• New York City Advisors, LLC indirectly owns 345,958 shares of Class A common stock.
• The reporting persons may be deemed to be members of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding common stock, but they disclaim beneficial ownership of the securities beneficially owned by the other group members.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.

Positives

• The acquisition of 70,607 shares at $0 suggests the advisor is incentivized to improve the company's performance.

Risks

• The reporting persons disclaim beneficial ownership of the securities beneficially owned by the other group members, which could indicate potential disagreements or conflicts of interest within the group.

Industry Context

Form 4 filings are standard disclosures for insiders and large shareholders, providing transparency into their transactions and ownership positions. This filing is specific to American Strategic Investment Co., a real estate investment trust (REIT).

Related Party Transactions

• The issuance of shares under the 2020 Advisor Omnibus Incentive Compensation Plan to New York City Advisors, LLC, the external advisor of the Issuer, constitutes a related party transaction.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders as it provides insight into the investment decisions of key insiders and entities associated with the company.

Key Dates