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Wrong Michael Happel?

Michael A. Happel

Chief Executive Officer

New York REIT, Inc.

HQ Phone:  (212) 415-6500

Direct Phone: (212) ***-****direct phone

Email: h***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

New York REIT, Inc.

405 Park Avenue 15Th Floor

New York City, New York,10022

United States

Company Description

New York-based New York REIT Inc.'s stock finished Tuesday's session 0.92% higher at $9.91 with a total trading volume of 1.13 million shares. The Company's shares have advanced 2.06% in the last one month and 1.95% over the previous three months. The stock is...more

Background Information

Employment History

Chief Executive Officer

NYCR


Executive Vice President and Chief Investment Officer

New York Recovery Properties , LLC


Web References(118 Total References)


Blumberg Partners - News » New York REIT Buys JBG Cos. to Create $8.4B Company

www.blumbergpartners.com [cached]

Michael Happel, New York REIT's current President and Chief Executive Officer has agreed to assist in the transition and will serve as a consultant to the combined company for a transition period.


What you missed at REIT Week 2015 | A1A Title Services Florida's # 1 Title Insurance Company

a1atitleservices.com [cached]

Happel trying to keep distance from Schorsch era
New York REIT CEO Michael Happel, meanwhile, attempted to distance his company from the Nicholas Schorsch era. The American Realty Capital spinoff reached out to Barclays to explore a possible sale last year, and Happel noted how many in the market "thought maybe this was a distressed sale" due to the difficulties at ARC. "It does feel like an accounting problem at a different company has wreaked havoc on my company," Happel said. In the end, there was no sale of New York REIT, with the company ending the strategic process exploring the possibility on May 11. "We felt none of the proposals received reflected fair value," Happel noted, adding that if such a fair value offer were to come in on any given day, the company would be "absolutely open to that." Happel expressed his belief that the city's office market "is moving even more in the landlord's favor" after office rents jumped 8 percent year-on-year in the fourth quarter of 2014, citing "extremely good" capital flows from real estate investors and particularly those from abroad. "Office values are pretty much back at the same level they were in [2007]," he said, admitting a "glass half-full" perspective in predicting the market as in the "early stages" of a rent spike. Happel also talked up the REIT's primary asset at One Worldwide Plaza, describing how the property's location, on West 50th Street between Eighth and Ninth avenues, "continues to get better and better every day." New York REIT owns a 49 percent stake in the building, though the company also has a fixed-price purchase option in 2017 - a valuable asset that "doesn't show up on our balance sheet," he noted. Happel acknowledged speculation regarding whether the company would have the capital to exercise that option, citing an "existing mortgage on the property that would be assumed" and expressing confidence that the REIT could raise the $220 million needed to seal the deal. In addition, the company recently announced that it has placed a group of five "non-core" assets in Brooklyn and Queens on the market and is targeting proceeds between $100 million and $130 million from the sale. New York REIT is also looking at potential joint ventures "on one or two of our core assets," Happel said.


Twitter’s NYC Headquarters Sells for $335 Million

www.atexpress.net [cached]

The social-media company's choice of the complex "demonstrates the importance of this location and further testifies to the institutional quality of the property itself," Michael Happel, president of New York REIT, said in the statement.


www.sec.gov


0001548254 Happel Michael A. 405 PARK AVE. NEW YORK NY 10022 0 1 0 0 CEO & President


New York REIT Completes $760 Million Financing

www.prnewswire.com [cached]

"NYRT has a strong portfolio of high-quality, well-leased assets in one of the best real estate markets in the world and we believe that increasing our ownership of Worldwide Plaza will bring significant value to our stockholders," said Michael Happel, Chief Executive Officer and President of NYRT.
Michael A. Happel


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