American Strategic Investment Co. Announces Response to Bellevue Capital Partners, LLC Tender Offer

American Strategic Investment Co. (ASIC) has recently made an important announcement regarding a tender offer initiated by Bellevue Capital Partners, LLC (Bellevue). ASIC, a prominent player in the commercial real estate sector, has filed a Solicitation/Recommendation Statement on Schedule 14D-9 and a Letter to Stockholders with the Securities and Exchange Commission (SEC) on October 10, 2023.

Bellevue’s tender offer, which commenced on September 27, 2023, aims to purchase up to 350,000 shares of ASIC’s Class A common stock at a price of $10.25 per share. However, ASIC’s board of directors has not yet determined the fairness of the Tender Offer or whether it is in the best interests of stockholders. As a result, the board remains neutral and has not made any recommendations to stockholders regarding accepting or rejecting the offer.

ASIC urges all stockholders to carefully review the Schedule 14D-9, the accompanying Letter to Stockholders, and the tender offer materials provided by Bellevue. It is essential for stockholders to make their own informed decisions based on the available information. The Tender Offer is set to expire at 11:59 PM, New York City time, on October 26, 2023, unless extended or terminated earlier by Bellevue.

American Strategic Investment Co. is a renowned company with a diverse portfolio of commercial real estate assets. Their commitment to excellence and expertise in the industry has positioned them as a trusted player in the market. For more information about ASIC, interested parties can visit their official website at https://www.americanstrategicinvestment.com.

It is important to note that this press release is solely for informational purposes and does not constitute an offer to purchase or a solicitation to sell shares of ASIC’s Class A common stock. Stockholders are advised to refer to the tender offer materials filed by Bellevue with the SEC and the Solicitation/Recommendation Statement filed by ASIC for comprehensive details. These documents contain crucial information that stockholders should consider before making any decisions regarding the tendering of their shares.

The Offer to Purchase, the related Letter of Transmittal, and other tender offer documents, along with the Solicitation/Recommendation Statement, are available to all holders of ASIC’s Class A common stock at no cost. Interested parties can access these materials on the SEC’s website at www.sec.gov or on ASIC’s website at https://www.americanstrategicinvestment.com. It is important to note that the information found on ASIC’s website is not part of or incorporated by reference in this press release.

As a responsible company, ASIC regularly files annual, quarterly, and current reports, proxy statements, and other important information with the SEC. These filings are available for free on the SEC’s website at www.sec.gov, allowing stakeholders to stay informed about ASIC’s activities and developments.

For more information, please visit the source version of this press release on businesswire.com: https://www.businesswire.com/news/home/20231010650319/en/.

In conclusion, this announcement by American Strategic Investment Co. sheds light on the ongoing tender offer initiated by Bellevue Capital Partners, LLC. ASIC encourages stockholders to carefully review the provided materials and make informed decisions based on their individual assessments. With its strong presence in the commercial real estate sector, ASIC continues to prioritize the best interests of its stakeholders while maintaining its commitment to transparency and accountability.