Bellevue Capital Partners Files SC 13D/A Amendment

TL;DR

Bellevue Capital Partners updated their 13D filing for American Strategic Investment Co. on 7/18.

AI Summary

Bellevue Capital Partners, LLC, along with other group members, filed an amendment to their SC 13D/A on July 18, 2024, regarding American Strategic Investment Co. (formerly New York City REIT, Inc.). The filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt.

Why It Matters

This filing signals a potential shift in control or significant stake changes for American Strategic Investment Co., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to SC 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and strategic shifts for the company.

Key Players & Entities

• Bellevue Capital Partners, LLC (company) — Filer of the SC 13D/A amendment
• American Strategic Investment Co. (company) — Subject company
• New York City REIT, Inc. (company) — Former name of the subject company
• Edward M. Weil, Jr. (person) — Member of the filing group
• Nicholas S. Schorsch (person) — Member of the filing group

FAQ

Key Financial Figures

• $0.01 — Name of Issuer) Class A common stock, $0.01 par value per share (Title of Class o
• $11 — Shares”), at a price per share of $11.00, for an aggregate purchase price of
• $1,375,000 — .00, for an aggregate purchase price of $1,375,000, in cash, pursuant to an Amended Offer
• $8.147 — Common Stock 07/18/2024 Buy 864 $8.147 CUSIP No. 649439205 SCHEDULE 13D Pa

Filing Documents

• eh240509890_13da18-nycreit.htm (SC 13D/A) — 117KB
• 0000950142-24-001970.txt ( ) — 119KB

Security and Issuer

Item 1. Security and Issuer. Unless indicated otherwise, all items left blank remain unchanged and any items which are reported are deemed to amend and supplement the existing items in the Schedule 13D. Capitalized terms used herein without definition shall have the meaning set forth in the Original Schedule 13D.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the Schedule 13D is amended and supplemented by inserting the

Item 3 of the Schedule 13D is amended and supplemented by inserting the following information: Bellevue Capital Partners On July 16, 2024, Bellevue Capital Partners, LLC (“Bellevue Capital”) announced the final results of its tender offer to purchase for cash shares of the Issuer. On July 16, 2024, Bellevue Capital purchased 125,000 shares of Class A Common Stock (the “Purchased Shares”), at a price per share of $11.00, for an aggregate purchase price of $1,375,000, in cash, pursuant to an Amended Offer to Purchase dated as of July 16, 2024 and filed on Schedule TO with the SEC on July 16, 2024. Bellevue Capital used available cash on hand to fund the aggregate purchase price for the Purchased Shares, including all fees and expenses related thereto. Additionally, the following transaction was an open market purchase effected by Bellevue Capital Partners on July 18, 2024: Trade Date Buy/Sell Number of Shares of Class A Common Stock Price Per Share of Class A Common Stock 07/18/2024 Buy 864 $8.147 CUSIP No. 649439205 SCHEDULE 13D Page 10 of 12

Purpose of Transaction

Item 4. Purpose of Transaction.

of the Schedule 13D is amended and supplemented by incorporating

Item 4 of the Schedule 13D is amended and supplemented by incorporating by reference the information set forth in Item 3 above.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is amended and supplemented by incorporating

Item 5 of the Schedule 13D is amended and supplemented by incorporating by reference the information set forth in boxes (11) and (13) of the cover pages to this Amendment for each of the Reporting Persons, and such information is incorporated herein by reference. The percentages reported herein are calculated based upon 2,579,347 outstanding shares of Class A Common Stock as of May 2, 2024. CUSIP No. 649439205 SCHEDULE 13D Page 11 of 12

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 18, 2024 BELLEVUE CAPITAL PARTNERS, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: General Counsel Dated: July 18, 2024 AR GLOBAL INVESTMENTS, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: General Counsel Dated: July 18, 2024 AMERICAN REALTY CAPITAL III, LLC By: AR GLOBAL INVESTMENTS, LLC , its sole member By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: General Counsel Dated: July 18, 2024 NEW YORK CITY SPECIAL LIMITED PARTNERSHIP, LLC By: AMERICAN REALTY CAPITAL III, LLC , its sole member By: AR GLOBAL INVESTMENTS, LLC , its sole member By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: General Counsel CUSIP No. 649439205 SCHEDULE 13D Page 12 of 12 Dated: July 18, 2024 NEW YORK CITY ADVISORS, LLC By: /s/ Michael R. Anderson Name: Michael R. Anderson Title: Chief Executive Officer Dated: July 18, 2024 NICHOLAS S. SCHORSCH By: /s/ Michael R. Anderson Name: Michael R. Anderson, as Attorney-in-Fact Dated: July 18, 2024 EDWARD M. WEIL, JR. By: /s/ Michael R. Anderson Name: Michael R. Anderson, as Attorney-in-Fact

View Full Filing

View this SC 13D/A filing on SEC EDGAR