Major Shareholder Boosts Stake in NYC REIT Through Multiple Purchases
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nicholas S. Schorsch, a 10% owner of American Strategic Investment, reported multiple purchases of Class A common stock over three consecutive days in June 2025:
- June 25: Acquired 1,279 shares at average price of $12.37
- June 26: Acquired 1,279 shares at average price of $12.64
- June 27: Acquired 1,279 shares at average price of $12.51
Following these transactions, Schorsch's beneficial ownership includes 26,559 shares held directly and 1,010,014 shares held indirectly through Bellevue Capital Partners (BCP). Additionally, 520,666 shares are held indirectly through a complex ownership structure involving BCP, AR Global Investments, American Realty Capital III, and New York City Special Ltd. Partnership. Schorsch serves as sole managing member of BCP with voting and investment control over these holdings.
Positive
- 10% owner Nicholas Schorsch increased his indirect holdings through Bellevue Capital Partners by purchasing 3,837 shares at prices between $12.14-$12.98, demonstrating insider confidence
Negative
- None.
Insider Trade Summary
Net Buyer: 3,837 shares ($47,988)
Net Buy
5 txns
Insider
SCHORSCH NICHOLAS S, Bellevue Capital Partners, LLC, AR Global Investments, LLC, American Realty Capital III, LLC, New York City Special Ltd. Partnership, LLC, New York City Advisors, LLC
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
3,837 shs ($48K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 1,279 | $12.51 | $16K |
| Purchase | Class A common stock | 1,279 | $12.64 | $16K |
| Purchase | Class A common stock | 1,279 | $12.37 | $16K |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 1,010,014 shares (Indirect, See footnote);
Class A common stock — 26,559 shares (Direct)
Footnotes (1)
- Mr. Nicholas S. Schorsch is the sole managing member of Bellevue Capital Partners, LLC ("BCP"), who is the ultimate controlling person of the Advisor, and has voting and investment discretion with respect to the securities held of record by the Advisor. BCP is the sole member of AR Global Investments, LLC, who is the sole member of American Realty Capital III, LLC ("ARC III"). ARC III is the sole member of New York City Special Limited Partnership, LLC, who is the sole member of the Advisor, the record holder of the securities reported herein. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $12.14 to $12.58, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. Represents shares of Class A common stock directly owned by BCP. Mr. Nicholas S. Schorsch is the sole managing member of BCP, and has voting and investment discretion with respect to the securities held of record by BCP. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $12.24 to $12.98, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $12.15 to $12.68, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, to any security holder of the Issuer, or to the Issuer, upon request, full information regarding the number of shares purchased at each separate price within the range set forth above. Represents shares of Class A common stock owned solely by Mr. Nicholas S. Schorsch.
FAQ
What was the purchase price range for NYC stock in the insider transactions?
The purchases were made at varying price ranges over three days: June 25 ($12.14-$12.58, avg. $12.37), June 26 ($12.24-$12.98, avg. $12.64), and June 27 ($12.15-$12.68, avg. $12.51).
What is Nicholas Schorsch's total beneficial ownership position in NYC stock?
Following the reported transactions, Schorsch's total beneficial ownership includes: 26,559 shares held directly, 1,010,014 shares held indirectly through Bellevue Capital Partners, and 520,666 shares held indirectly through other affiliated entities, for a total beneficial ownership of approximately 1.56 million shares.
What is Nicholas Schorsch's relationship to NYC (American Strategic Investment Co.)?
Nicholas Schorsch is reported as a 10% Owner of NYC (American Strategic Investment Co.) and serves as the sole managing member of Bellevue Capital Partners, LLC (BCP), which gives him voting and investment discretion over securities held by various affiliated entities.