American Strategic Investment Co. to Eliminate $99 Million Liability Through 1140 Avenue of the Americas Foreclosure

Reuters2025-11-20
<a href="https://laohu8.com/S/NYC">American Strategic Investment</a> Co. to Eliminate $99 Million Liability Through 1140 Avenue of the Americas Foreclosure

American Strategic Investment Co. announced an agreement for the strategic disposition of its property at 1140 Avenue of the Americas through a cooperative consensual foreclosure with the lender. The transaction, expected to close in the fourth quarter of 2025, will eliminate a $99 million liability that was set to mature in July 2026. The company described this move as part of its strategy to proactively manage its balance sheet and allocate capital toward higher-return assets in its portfolio.

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