American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Investor Presentation (September 2017)
16 slides from American Strategic Investment's investor presentation, Sep 18, 2017
Slide 1: American Realty Capital New York City REIT 2nd Quarter 2017 Investor Presentation
AMERICAN REALTY CAPITAL NEW YORK CITY REIT 2 nd Quarter 2017 Investor Presentation
Slide 2: Important Information
2 Important Information Risk Factors For a discussion of the risks which should be considered in connection with our company, see the section entitled “Item 1 A . Risk Factors” in American Realty Capital New York City REIT, Inc . ’s (the “Company”) Annual Report on Form 10 - K filed with the U . S .
Slide 3: Investment Thesis
3 Investment Thesis ▪ 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. ▪ The targeted period for a liquidity event i
Slide 4: New York City Market Trends
4 New York City Market Trends (1) Bureau of Labor Statistics. (2) Cushman & Wakefield Research, Q2 2017 data. (3) New York City Department of City Planning. Manhattan Overall Net Absorption/Asking Rents (2) NYC population is forecasted to reach 8.8mm people in 2030 Overall Vacancy Rate - Manhattan O
Slide 5: Q2 2017 Highlights
5 Q2 2017 Highlights (1) Based on total real estate investments, at cost, and mortgage note payable, net of deferred financing costs (2) 10 year term at 4.67% interest rate, interest only. ▪ Occupancy was down slightly from 86.7% in Q1 2017 to 85.5% in Q2 2017 ▪ Leverage remains low at ~31% debt / c
Slide 6: Portfolio Snapshot
6 Portfolio Snapshot (1) Calculated as weighted average (based on annualized GAAP rent) as of 6/30/2017. ▪ 6 properties consisting of 1,091,571 square feet ▪ 85.5% occupancy as of 6/30/2017 ▪ Weighted average remaining lease term of 6.2 years (1) ($ amounts in thousands) Portfolio Acquisition Date N
Slide 7: Portfolio Snapshot (balance sheet)
7 Portfolio Snapshot (1) Change in cash due primarily to capital expenditures and cash dividends (2) Other Assets includes accumulated depreciation offset by, among other items, restricted cash, which consist of $30.6M and $28 .6M in Q2 and Q1, respectively (3) Based on total real estate investments
Slide 8: Key Initiatives
8 Key Initiatives (1) Based on total real estate investments at cost and total mortgage notes payable, net of deferred financing costs per 6/30/17 bal ance sheet (2) Based on debt/total real estate investments at cost (3) Represents the GAAP basis weighted average rent per square feet that is recogn
Slide 9: 9 Times Square
9 9 Times Square ▪ 21 - story, 166,640 square foot property located just one block south of the Times Square bow tie submarket, which benefits from unrivaled foot traffic in New York City. ▪ Subsequent to the acquisition of 9 Times Square in November 2014, NYCR allowed leases to expire and terminate
Slide 10: 123 William Street
10 123 William Street ▪ 27 - story, 542,676 square foot property with a diversified tenant base of government, education, technology, media and advertising companies. ▪ Substantial recent capital improvements have been made to the property including a new full - height glass entrance and upgrades to
Slide 11: 1140 Avenue of the Americas
11 1140 Avenue of the Americas ▪ 22 - story, 249,703 square foot, Class - A institutional quality office building located in the heart of the Bryant Park submarket and is, as of June 30, 2017, presently 81% occupied by high quality tenants. ▪ Located two blocks from Bryant Park and within seven bloc
Slide 12: Management Team
12 Management Team Nicholas Radesca Chief Financial Officer, Treasurer and Secretary ▪ Formerly CFO & Corporate Secretary for Solar Capital Ltd. and Solar Senior Capital Ltd. ▪ Previously served as Chief Accounting Officer at iStar Financial, Inc. Michael Weil Chief Executive Officer, President and
Slide 13: Consistent Distributions
13 Consistent Distributions Since Inception, American Realty Capital New York City REIT, Inc. has paid out $4.61 per share of regular distributions in cash and distributions reinvested in the DRIP. $4.61 per share (cumulative) (1) (1) Totals as of each period presented represent cumulative distribut
Slide 14: Risk Factors
14 Risk Factors There are risks associated with an investment in our Company. The following is a summary of some of these risks. For a discussion of the risks which should be considered in connection with our Company, see the section entitled “Item 1A. Risk Factors” in the Company’s Annual Report on
Slide 15: Risk Factors (Continued)
15 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 an d s uch con
Slide 16: NewYorkCityREIT.com
16 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
American Realty Capital New York City REIT — Investor Presentation (September 2017) on 6ix