New York City REIT Inc. said Friday that it will give up its status as a real estate investment trust and become a taxable C corporation, as it plan to...
New York City REIT Inc. NYC said Friday that it will give up its status as a real estate investment trust and become a taxable C corporation, as it plan to expand the scope of its assets and businesses.
The owner of commercial real estate in New York City said the pace of recovery of the office segment “remains challenged” in the post-COVID pandemic world, as leasing and occupancy trends have slowed, which has led political, community and business leaders to propose repositioning plans for NYC office assets.
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