Comrit Investments Issues Letter to New York City REIT Stockholders

Rhea-AI Summary

Comrit Investments 1, LP, a significant stockholder of New York City REIT (NYSE: NYC), urges fellow stockholders to vote for Sharon Stern as an independent director at the upcoming Annual Meeting on May 31, 2022. Comrit emphasizes the need for boardroom change to enhance the company’s governance and performance. This initiative highlights Comrit's commitment to contributing positively to NYC REIT's direction and shareholder value.

Positive

• Comrit is advocating for board changes to improve governance.
• The proposal includes a qualified independent candidate, Sharon Stern.

Negative

• None.

Urges Stockholders to Vote on the WHITE Proxy Card to Elect Comrit's Highly Qualified, Independent Director Candidate at the Company's Annual Meeting on May 31

Visit www.RebuildNYCREIT.com for Access to Important Information and Resources

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today sent a letter to fellow stockholders regarding the urgent need for boardroom change at NYC REIT.

Comrit urges stockholders to vote on the WHITE proxy card to elect Sharon Stern, our highly qualified and independent director candidate, at the Company’s upcoming Annual Meeting of Stockholders on May 31, 2022.

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IF YOU HAVE QUESTIONS ON HOW TO VOTE THE WHITE PROXY CARD, PLEASE CONTACT SARATOGA PROXY CONSULTING AT INFO@SARATOGAPROXY.COM OR TOLL-FREE AT: (888) 368-0379.

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About Comrit Investments

Comrit Investments 1, LP is an investment partnership that invests in income generating real estate through public non-traded real estate investment trusts. Founded in 2015 and based in Tel Aviv, Washington D.C. and New York City, Comrit is sponsored by I.B.I. Investment House Ltd. (TLV: IBI), an Israel-based market leader in alternative fund offerings. Comrit’s management team collectively has 30 years of experience investing across the U.S. real estate market.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220427005368/en/

For Investors:



Saratoga Proxy Consulting LLC

John Ferguson / Joe Mills, 212-257-1311

jferguson@saratogaproxy.com / jmills@saratogaproxy.com



For Media:



Longacre Square Partners

Charlotte Kiaie / Bela Kirpalani, 646-386-0091

ckiaie@longacresquare.com / bkirpalani@longacresquare.com

Source: Comrit Investments 1, LP

FAQ

What is the date of the Annual Meeting for NYC REIT?

The Annual Meeting for NYC REIT is scheduled for May 31, 2022.

Who is the independent director candidate proposed by Comrit for NYC REIT?

The independent director candidate proposed by Comrit for NYC REIT is Sharon Stern.

What proxy card should stockholders vote for at the NYC REIT meeting?

Stockholders should vote on the WHITE proxy card.

What company is Comrit Investments associated with?

Comrit Investments is associated with New York City REIT, Inc. (NYSE: NYC).