American Strategic Investment Co. agrees to foreclosure of 1140 Avenue of the Americas property

American Strategic Investment Co.

Subsidiary entered settlement on Sept 8, 2025 consenting to foreclosure and receiver for property securing $99M loan.
Court approved temporary receiver on Sept 11, 2025; property to be sold at public auction.
Upon disposition, Company and guarantor released from loan, notes, mortgage, and guaranty obligations.
Environmental indemnity and certain environmental covenants survive the settlement.
Lender had filed foreclosure action in NY Supreme Court in June/July 2025 after default.

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