American Strategic Investment Co.

The company, incorporated in Maryland on December 19, 2013, is an externally managed company that owns a portfolio of commercial real estate primarily in Manhattan, within the five boroughs of New York City. Its real estate assets include office properties and related assets such as retail spaces, amenities, and parking garages that are not attached to office spaces. As of December 31, 2025, the company owned five properties totaling 0.7 million rentable square feet. This rentable square footage figure excludes one property, 1140 Avenue of the Americas, which is undergoing a consensual foreclosure process. On December 30, 2022, the company announced a change in its business strategy to broaden the types of assets and businesses it may own and operate. This expansion allows for investments in other asset types that may generate income not qualifying for U.S. federal income tax purposes as a real estate investment trust (REIT). Consequently, on January 9, 2023, the board of directors authorized the termination of its REIT election, effective January 1, 2023. Historically, the company had elected to be taxed as a REIT starting with its taxable year ended December 31, 2014, and this election remained in effect for each subsequent taxable year through December 31, 2022. In line with its new strategy, the company pursued a cooperative consensual foreclosure for its 1140 Avenue of the Americas property in September 2025. On September 11, 2025, the New York County Court appointed a receiver for the foreclosure. The company recognized a gain of $47.9 million for 1140 Avenue of the Americas, which is reflected in its consolidated statements of operations.