Bellevue Capital Partners LLC launched a tender offer to acquire an additional 4.8% stake in American Strategic Investment Co. (NYSE: NYC) for $1.2 million on May 7, 2024. The purchase price is $9.25 per share for 125,000 shares.

Bellevue currently beneficially owns 1,305,861 shares of common stock in the Company, or approximately 50.6% of the Company?s outstanding shares as of May 2, 2024. If Bellevue acquires the full 125,000 shares in the Offer, it will beneficially own approximately 55.5% of the Company?s outstanding shares. Unless the Offer is extended by the Offeror, the Offer will expire at 5:00 p.m., Eastern Time, on July 5, 2024.