American Strategic Investment Co. · NYSE:NYC
American Strategic Investment — American Realty Capital New York City REIT — Investor Presentation (2016)
15 slides from American Strategic Investment's investor presentation, 2016
Slide 1: First Quarter 2016 Investor Presentation
American Realty Capital New York City REIT, Inc. Publicly Registered Non-Traded Real Estate Investment Trust First Quarter 2016 Investor Presentation
Slide 2: Important Information
Important Information 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-Lo
Slide 3: Investment Thesis
Investment Thesis Focused on acquiring New York City commercial real estate A Public Non-Traded Real Estate Investment Trust* 3 Primary objectives*: - Preserve and protect capital - Pay monthly stable cash distributions; and - Increase the value of assets in order to generate capital appreciatio
Slide 4: New York City Market Trends
New York City Market Trends NYC Employment Trends (1) NYC Population at Record High (3) 9.50 9.1 8.9 9.00 8.7 8.5 8.4 8.50 8.2 8.0 8.00 7.50 7.00 6.50 6.00 5.50 5.00 2000 2005 2010 2015 2020 2025 2030 NYC population is at record high and forecasted to reach 9.1mm people in 2030 Manhattan Office Mark
Slide 5: Q1 2016 Highlights
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 S
Slide 6: 1140 Avenue of the Americas
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 building located at 1140 Avenue of the Americas in Manhattan. • The contract purchase price for th
Slide 7: Portfolio Snapshot
Portfolio Snapshot 5 properties consisting of 841,868 square feet 89.2% occupancy as of 3/31/2016 Weighted average remaining lease term of 7.7 years Rentable Rentable Remaining Remaining Occupancy Occupancy AcquisitionAcquisition Number of Number of All-in All-in Asset Asset S quare (as of S q
Slide 8: Balance Sheet Snapshot
Balance Sheet Snapshot Strong balance sheet Low leverage (17% debt/cost ratio)* $ amounts in 000’s Q4 2015 Q1 2016 Total Real Estate Investments (at Cost) $550,369 $556,015 Cash (1) 182,700 153,141 ~$150 Million Cash Other Assets (2) (6,654) 8,090 Total Assets $726,415 $717,246 Mortgage Note Pay
Slide 9: Key Initiatives
Key Initiatives 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 deployment Continue 9 Times Square
Slide 10: Organizational Depth
Organizational Depth Board of Directors Michael Weil Lee Elman Elizabeth Tuppeny Abby Wenzel Independent Director Executive Chairman Independent Director Independent Director & Audit Chair Management Team Nicholas Radesca Patrick O’Malley Michael Ead Michael Happel Senior Vice President CEO & Presid
Slide 11: Cash NOI Reconciliation
Cash NOI Reconciliation Below is a reconciliation from net loss, the most directly comparable GAAP financial measure, to Cash NOI. 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 Depr
Slide 12: Cash NOI Reconciliation (cont.)
Cash NOI Reconciliation (cont.) 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 interest, plus general and administrative expenses, acquisition and tra
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 C
Slide 14: Risk Factors (continued)
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 m
Slide 15: Account information and contact details
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 www.newyorkcityreit.com ALL
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