American Strategic Investment Co. to Eliminate $99 Million Liability Through 1140 Avenue of the Americas Foreclosure
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American Strategic Investment Co. plans to eliminate a $99 million liability by foreclosing its property at 1140 Avenue of the Americas through a consensual agreement with the lender. This strategic move, expected to close in Q4 2025, aims to manage the company's balance sheet and redirect capital to higher-return assets. The original announcement was made via the U.S. SEC's EDGAR system.
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