New York REIT Liquidating LLC fka NYRT

[Enterprising Investor]

New York REIT Announces Appointment Of Howard A. Goldberg To Board Of Directors (3/09/17)

NEW YORK, March 9, 2017 /PRNewswire/ -- New York REIT, Inc. ("NYRT" or the "Company") (NYSE: NYRT) today announced the appointment of Howard A. Goldberg to the Company's Board of Directors (the "Board"), effective March 8, 2017. The appointment of Mr. Goldberg is pursuant to the previously announced settlement agreement entered into by the Company with Michael L. Ashner, Steven Witkoff, and their jointly owned entity, WW Investors LLC ("WW Investors") on October 24, 2016. Mr. Goldberg was recommended by WW Investors, and his appointment was unanimously approved by the Board. With the appointment of Mr. Goldberg, the NYRT Board comprises nine directors, seven of whom are independent.

Mr. Goldberg has been a private investor in both real estate and start-up companies and has provided consulting services to start-up companies since 1999. Mr. Goldberg's real estate experience includes serving as a member of the board of directors and the audit committees of Shelbourne Properties I, II and III, three affiliated real estate investment trusts, from August 2002 until their liquidation in April 2004. In addition, he served as a member of the board of trustees of Winthrop Realty Trust ("Winthrop"), a publicly-traded real estate investment trust, from December 2003 to August 5, 2016 when Winthrop's assets were transferred to Winthrop Realty Liquidating Trust. Mr. Goldberg currently serves as a trustee for Winthrop Realty Liquidating Trust.

"We are pleased to welcome Howard to the NYRT Board," said Randolph C. Read, Chairman of the Board of Directors of NYRT. "Howard's nearly two decades of senior executive, legal and real estate industry experience, including oversight of two liquidation processes, aligns exceptionally well with the Board's priorities. We look forward to benefitting from his contributions as we continue to execute the plan of liquidation."
"I am pleased to join the NYRT Board at this important juncture for the Company," said Mr. Goldberg. "I look forward to leveraging my insight and experience to support the Board in executing the plan of liquidation to maximize value for stockholders."

About NYRT

NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. Additional information about NYRT can be found on its website at www.nyrt.com. NYRT may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.

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