New York City REIT, Inc. has found itself with the sort of tenant no landlord wants: A dissident shareholder braying for board representation.
Comrit Investments, which has amassed a 2% stake in the big property owner, launched a proxy fight and is lobbying stockholders to elect nominee Sharon Stern to the board at NYC REIT’s next annual meeting.
“Electing Ms. Stern, who has a stellar track record in real estate, will be a first step toward restoring investor confidence in NYC REIT and delivering credibility to this seemingly dysfunctional and insular boardroom,” Comrit Managing partner Ziv Sapir said in a statement Monday.
NYC REIT hasn’t set a
→ Continue reading at Crain's New York Business
