American Strategic Investment Co. responds to tender offer from Bellevue Capital

American Strategic Investment Co. has filed with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated October 10 regarding the tender offer commenced by Bellevue Capital Partners on September 27 to purchase up to 350,000 shares of the company’s Class A common stock at a price of $10.25 per share. The company’s board of directors has made no determination of the fairness of the Tender Offer or whether it is in the best interests of stockholders, makes no recommendation and is neutral as to whether stockholders should accept or reject the offer to tender their shares. The company urges each stockholder to make its own decision regarding the Tender Offer based on the available information. The Tender Offer will expire at 11:59 PM, NYC time, on October 26, unless extended or earlier terminated by Bellevue.