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NY REIT Lists On NYSE

NEW YORK CITY—“The market is right; New York real estate has great liquidity,” NYRT chairman and CEO Nicholas Schorsch tells GlobeSt.com.

By Rayna Katz | Updated on April 15, 2014

NEW YORK CITY—New York REIT—which previously was known as American Realty Capital New York Recovery REIT—has begun trading on the New York Stock Exchange, having completed the listing process for its shares of common stock. Trading of the company’s stock began Tuesday morning under the ticker symbol “NYRT.”

NYRT also announced that it has increased its senior corporate credit facility to $705 million of total financing capacity, having recently arranged $315 million of new commitments.

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