American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Investor Presentation (November 2015)
12 slides from American Strategic Investment's investor presentation, Nov 24, 2015
Slide 1: American Realty Capital New York City REIT, Inc.
*American Reality Capital New York City REIT, Inc . , intends to qualify as a real estate investment trust (“REIT”) commencing with the tax year ending December 31 , 2015 . THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED HEREIN . AN OFFERING IS MADE ON
Slide 2: Important Information Regarding The Offering
Important Information Regarding The Offering Risk Factors Investing in our common stock involves a high degree of risk. You should purchase these securities only if you can afford a complete loss of your investment. See the section entitled “Risk Factors” in the prospectus for a discussion of the ri
Slide 3: Investment Thesis
Investment Thesis A Public Non - Traded Real Estate Investment Trust* ▪ Focused on buying New York City commercial real estate ▪ 3 Primary objectives*: - Preserve and protect capital - Provide attractive and stable cash distributions; and - Increase the value of assets in order to generate capital a
Slide 4: New York City Market Trends
$35.00 $40.00 $45.00 $50.00 $55.00 $60.00 $65.00 $70.00 $75.00 New York City Market Trends American Realty Capital New York City REIT, Inc. 4 Manhattan Office Asking Rents Source: Cushman & Wakefield Research, US Bureau of Labor Statistics NYC Employment Trends Expanding Tourism (millions of people
Slide 5: Portfolio Snapshot
▪ 5 properties consisting of 841,868 square feet (1) ▪ 86.2 % occupancy ▪ Weighted average remaining lease term of 8.3 years Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 5 Portfolio Snapshot (1) As of September 30, 2015 (2) Remaining lease term in yea
Slide 6: Balance Sheet Snapshot
▪ Strong balance sheet ▪ Low leverage (19% LTPP) ▪ Strong interest coverage (3.9x) Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 6 Balance Sheet Snapshot (1) Assumes 30 - day LIBOR of 20 bps applied to floating rate debt (2) Includes below - market lea
Slide 7: Dividend Coverage
Confidential Material - Not for Distribution American Realty Capital New York City REIT, Inc. 7 Dividend Coverage ▪ Not currently covering dividend due to un - invested cash, low leverage and vacancy at 9 Times Square ▪ Expect to cover dividend upon full deployment of capital and lease - up* ▪ Expec
Slide 8: Key Initiatives
Key Initiatives American Realty Capital New York City REIT, Inc. 8 ▪ Finish deployment of capital (expected in first half of 2016) ▪ Focus on leasing upside at 9 Times Square ▪ Establish NAV no later than October 2016
Slide 9: Experienced NYCR Management Team and Board of Directors
Michael Happel CEO & President Michael Ead Assistant General Counsel Zachary Pomerantz V.P. Asset Management Stephen Rothstein Associate Patrick O’Malley CIO Judi Stillman Controller Nicholas Radesca CFO & COO Experienced NYCR Management Team and Board of Directors American Realty Capital New York C
Slide 10: 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 these risks. A more detailed description of the associated risks is found in the prospectus. ▪ No public market currently exists for shares of our common stock
Slide 11: Risk Factors (continued)
▪ Our investment objectives and strategies may be changed without shareholder consent . ▪ There are significant risks associated with maintaining a high level of leverage as permitted under our charter . If we incur substantial debt, it may hinder our ability to pay distributions to our shareholders
Slide 12: www.newyorkcityreit.com
www.newyorkcityreit.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (844) 276 - 1077 ▪ Financial Advisors may view client accounts, statements and tax forms at www.dstvision.com ▪ Shareholders may access their accounts at www.americanrealtyc
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