New York REIT Announces $250M Tender Offer for 23.3M Shares at $10.75/Share

New York REIT, Inc. (formerly known as American Realty Capital New York Recovery REIT, Inc., "NYRT")

, announced today that, in conjunction with the listing of its shares of common stock on the New York Stock Exchange, it has commenced a concurrent tender offer to purchase up to 23,255,814 shares of its common stock at a price equal to $10.75 per share (net to the seller in cash, less any applicable withholding taxes and without interest), or up to $250 million worth of common stock. NYRT intends to fund the tender offer with cash on hand and funds available under NYRT's unsecured revolving credit facility. NYRT Logo The tender offer will expire at 12:00 midnight, Eastern Time, on May 12, 2014, unless the tender offer is extended or withdrawn. To tender shares, stockholders must follow the procedures described in the Offer to Purchase, the Letter of Transmittal and the other documents related to the tender offer filed with the Securities and Exchange Commission (the "SEC").