Nyc advisor and its affiliates express confidence in nyc reit with $2.5 million share purchase, stock election

New york--(business wire)--new york city reit, inc. (nyse: nyc) (“nyc” or the “company”) announced this morning that the company's advisor and its affiliates have acquired 784,105 shares of nyc class a common stock in the aggregate. specifically, affiliates of nyc's advisor purchased an aggregate of 632,911 nyc class a shares on september 2, 2022. in addition, nyc's advisor made an election to receive stock in lieu of cash for its advisor services. as of september 2, 2022, nyc's advisor and its
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