Nyc announces portfolio occupancy grows to over 87%1, temporary suspension of cash dividend to generate additional working capital to help fund upfront leasing commissions and tenant improvements among other uses

New york--(business wire)--new york city reit, inc. (nyse: nyc) (“nyc” or the “company”) announced today that ongoing strong leasing activity has grown its pure-play new york city portfolio occupancy by 4% since the beginning of the year, to over 87% as of june 30, 20221, and that portfolio weighted-average remaining lease term has increased to 7.2 years as of the same date. the company also announced that as it continues to proactively increase occupancy at its properties, its board of directo
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