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BRIEF-New York REIT sells about 49 pct interest in worldwide plaza to a joint venture managed by SL Green & RXR Realty
September 14, 2017 / 12:24 PM / 3 months ago

BRIEF-New York REIT sells about 49 pct interest in worldwide plaza to a joint venture managed by SL Green & RXR Realty

Sept 14 (Reuters) - New York REIT Inc

* New York REIT sells about 49 percent interest in worldwide plaza to a joint venture managed by SL Green and RXR Realty

* New York REIT Inc - ‍NYRT will receive cash at deal closing of approximately $346.2 million

* New York REIT Inc - ‍NYRT will aslo receive $90.7 million capital reserve​ post deal

* New York REIT - to sell a 48.7% interest in worldwide plaza to JV managed by SL Green Realty Corp. And RXR Realty LLC for agreed-to value of $1.725 billion​

* New York REIT Inc - ‍SL Green Realty Corp and RXR Realty LLC agreed to place a $50 million deposit in escrow​

* New York REIT Inc - ‍as a result of acquisition, company will maintain a 50.1% membership interest in worldwide plaza​ Source text for Eikon: Further company coverage:

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