NYRT New York Reit, Inc. (delisted)

NEW YORK, Sept. 14, 2017 /PRNewswire/ -- New York REIT, Inc. (NYSE: NYRT) (the "Company" or "NYRT") today announced that it will host a conference call at 11:00 AM ET today to discuss its previously announced transaction to sell a 48.7% interest in Worldwide Plaza to a joint venture managed by SL Green Realty Corp. and RXR Realty LLC (the "Purchaser") for an agreed-to value of the property of $1.725 billion.  NYRT's press release announcing the transaction can be found on the investor relations page of its website at http://www.snl.com/IRWebLinkX/file.aspx?IID=4246025&FID=390284402.

Conference Call Details

The Company will host a conference call on Thursday, September 14, 2017 at 11:00 am Eastern Time. Interested parties may access the live call by dialing 866-338-0145, passcode 28063538#.  International callers dial 617-399-5161, passcode 28063538#.  Participants are encouraged to pre-register for the call by accessing the following link: https://cossprereg.btci.com/prereg/key.process?key=PTETG4FQK.

The call may also be accessed via the Internet at www.nyrt.com within the Company News section in the Investor Relations tab.

A telephonic replay of the call will be available through October 14, 2017 by dialing 877-481-4010; conference ID 20149.  An online replay will be available until March 14, 2018. 

About NYRT

NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT's shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our website at www.nyrt.com.

Forward-Looking Statements

The statements in this release that are not historical facts may be forward-looking statements. These forward-looking statements involve substantial risks and uncertainties. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes. Forward-looking statements may include, but are not limited to, statements regarding stockholder liquidity and investment value and returns. The words "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "may," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that might cause such differences include, but are not limited to: the transactions contemplated by the purchase agreement and the refinancing of the existing loans encumbering Worldwide Plaza are subject to conditions and may not be completed on a timely basis, or at all; if the transactions contemplated by the Purchase Agreement are not completed, the Company will not realize the benefits expected from their completion; and other factors, many of which are beyond the Company's control, including other factors included in the Company's reports filed with the Securities and Exchange Commission ("SEC"), particularly in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's latest Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 1, 2017 and the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 filed with the SEC on August 8, 2017, as such Risk Factors may be updated from time to time in subsequent reports. The Company does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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SOURCE New York REIT, Inc.