American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Investor Presentation (June 2016)
15 slides from American Strategic Investment's investor presentation, Jun 9, 2016
Slide 1: First Quarter 2016 Investor Presentation
Publicly Registered Non - Traded Real Estate Investment Trust American Realty Capital New York City REIT, Inc. First Quarter 2016 Investor Presentation
Slide 2: Important Information: Risk Factors and Forward-Looking Statements
Risk Factors See the section entitled “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10 - K filed with the U.S. Securities and Exchange Commission on March 15, 2016 for a discussion of the risks which should be considered in connection with our company. Forward - Looking Statements T
Slide 3: Investment Thesis
A Public Non - Traded Real Estate Investment Trust* ▪ Focused on acquiring New York City commercial real estate ▪ 3 Primary objectives*: - Preserve and protect capital - Pay monthly stable cash distributions; and - Increase the value of assets in order to generate capital appreciation. American Real
Slide 4: New York City Market Trends
American Realty Capital New York City REIT, Inc. 4 (1) Bureau of Labor Statistics. Forecast from Moody’s Analytics. (2) Cushman & Wakefield Research, Q4 2015 data. (3) New York City Department of City Planning. NYC Employment Trends NYC Population at Record High Manhattan Office Asking Rents (1) (3)
Slide 5: Q1 2016 Highlights
▪ Signed a contract to acquire 1140 Avenue of the Americas for $180.0 million ▪ Occupancy remained at 89.2% from Q4 2015 to Q1 2016 ▪ Cash NOI (1) increased approximately 12% from $2.86 million in Q4 2015 to $ 3.20 million in Q1 2016 primarily due to free rent burn off at 9 Times Square and 123 Will
Slide 6: 1140 Avenue of the Americas
Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 6 1140 Avenue of the Americas 1140 Avenue of the Americas • On March 18, 2016, ARC NYCR entered into an agreement of purchase and sale to acquire the leasehold interest in an institutional - quality office
Slide 7: Portfolio of Assets
Asset Acquisition Date Number of Properties Rentable Square Feet Occupancy (as of 3/31/2016) Remaining Lease Term (Years) (1) All-in Cost (2) Debt Unencumbered Assets 421 W 54th Street – Hit Factory Jun. 2014 1 12,327 100% 4.5 $7,408 - 400 E 67th Street – Laurel Condominium Sept. 2014 1 58,750 100%
Slide 8: Balance Sheet Snapshot
Q4 2015 Q1 2016 Total Real Estate Investments (at Cost) $550,369 $556,015 Cash 182,700 153,141 Other Assets (6,654) 8,090 Total Assets $726,415 $717,246 Mortgage Note Payable 96,000 96,000 Other Liabilities 34,276 34,472 Total Liabilities $130,276 $130,472 Total Stockholders' Equity $596,139 $586,77
Slide 9: Key Initiatives
American Realty Capital New York City REIT, Inc. 9 ▪ Complete $180 million acquisition of 1140 Avenue of the Americas in Q2 2016 ▪ Finish deployment of capital • In addition to 1140 Avenue of the Americas, management expects to complete $200 to $400 million of additional acquisitions to reach full d
Slide 10: Organizational Depth
Michael Happel CEO & President Michael Ead Senior Vice President and Counsel Stephen Rothstein Associate Organizational Depth American Realty Capital New York City REIT, Inc. 10 Michael Weil Executive Chairman Elizabeth Tuppeny Independent Director Abby Wenzel Independent Director James Beckner Asso
Slide 11: Cash NOI Reconciliation
Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 11 Three Months Ended (In thousands) March 31, 2016 December 31, 2015 Net loss (in accordance with GAAP) $ (3,405 ) $ (4,059 ) Acquisition and transaction - related 40 3 Depreciation and amortization 4,769
Slide 12: Cash NOI definition
Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 12 ▪ Cash net operating income ("Cash NOI") is a non - GAAP financial measure equal to net income (loss), the most directly comparable GAAP financial measure, less income from investment securities and inte
Slide 13: Risk Factors
Risk Factors There are risks associated with an investment in American Realty Capital New York City REIT, Inc. The following is a summary of some of these risks. See the section entitled “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10 - K filed with the U.S. Securities and Exchange
Slide 14: Risk Factors (continued)
▪ Because investment opportunities that are suitable for us may also be suitable for other AR Global - advised programs or investors , our Advisor and its affiliates may face conflicts of interest relating to the purchase of properties and other investments and such conflicts may not be resolve d i
Slide 15: Contact information
www.newyorkcityreit.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902 - 0063 ▪ Financial Advisors may view client accounts, statements and tax forms at www.dstvision.com ▪ Shareholders may access their accounts at www.ar - global.com
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