New York REIT, once a company with 4.4 million square feet of commercial space in the city, is now a limited liability company with a 50.1 percent stake in one office tower. The company completed its conversion into an LLC Wednesday evening, according to New York REIT representatives. The move winds down the REIT’s liquidation of its $2.8 billion portfolio, a process that began in January 2017. At the time, the company set a deadline […]
source https://therealdeal.com/2018/11/07/how-ny-reit-became-an-llc-with-just-one-asset/
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