Bellevue Capital Partners has increased the purchase price of its previously announced tender offer to purchase up to 125K shares of American Strategic Investment Co. common stock from the previous purchase price of $9.25 to an increased purchase price of $10.25 per share. The tender offer will close on July 5. Bellevue is making this offer at a 77% premium to the May 3, 2024 closing price because of its continued confidence in ASIC’s portfolio and underlying assets. The 77% premium to the May 3, 2024 closing stock price reflects Bellevue’s belief in the long-term performance of ASIC and its portfolio of assets.
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