First Quarter 2017 Report
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Manhattan College BRONX Tenay Williamsbridge N Park Knickerbocker CC Englewood Clis NEW YORK Bronx Englewood Zoo INWOOD Henry Hudson Pkwy W 207th St New York University Dyckman St 10th Ave 10th New York University Nagle Ave The Bronx Cloisters Margaret Corbin Rd Fort George Ave Teaneck Cabrini Blvd Cabrini Riverside Dr Palisades Park FORT W 187th StGEORGE Saint Nicholas Ave Washington Brdg Henry Hudson Pkwy W 181st St Alexander Hamiliton American Realty Capital Trans Mahattan Exwy Brdg FIRSTdg QUARTERW 177th St 2017 REPORT ngton Br George Washi Blvd Cabrini Riverside Dr Riverside New York City REIT Leonia WASHINGTON HEIGHTS Presbyterian Hospital Dr River Harlem Riverside Dr Riverside Fort Fort Washington Ave Washington Fort Lee Edward M Morgan Pl Riverside DrW Edgecombe Ave W 158th St Riverside Dr W 155th St Yankee Frederick Douglass Frederick Blvd Macombs Stadium Dam Brdg HAMILTON 8th Ave FIRST QUARTER 2017 UPDATE Palisades Dr Riverside HEIGHTS Park (Sugar Hill) Ridgeeld Edgecombe Ave Edgecombe W 145th St 145th St Park Brdg The first quarter 2017 results of American Realty Capital New YorkRiverside Dr City REIT, Inc. (“ARC NYCR”) W 138th St E 138th St demonstrate our commitment to the solid execution of our stated business objectives.Harlem ARC NYCR’s portfolio Hospital Saint Nicholas Ave Nicholas Saint Adam Clayton Powell Jr Blvd Adam Clayton Powell Center WEST Ave Convent W 135th St E 135th St HARLEM City College CENTRAL currently consists of six properties located in the borough of Manhattan, of Newthe York financialHARLEM capital of the world Marginal St Manhattanville 5th Ave Third Ave 12th Ave E 130th St Saint Clair Pl Malcolm X Blvd Second Ave Cliside E 128th St and the epicenter of commerce among New York City’s five boroughs. Our portfolio’s assets Willis Ave comprise more Ridgeeld Edgewater E 127th St Brdg Park W 125th St E 126th St E 125th St Triborough Brdg Hancock Pl Frederick DouglassFrederick Blvd Little General Grant E 124th St QUEENS than 1 million squareFerry feet. As of March 31, 2017, occupancy was 86.7%,Nat'l Monument while the weighted average lease Seminary Row 120th St Mount Morris Park W Park Morris Mount Downing Henry Hudson Pkwy Hudson Henry Stadium MORNINGSIDE Dr Morningside term remaining was at 6.1 years. Our leverage remains conservative at HEIGHTS31% debt to cost, leaving significant Barnard Sewage College Disposal W 116th St Morningside Ave W 116th St Manhattan E 116th St Plant Columbia University Laguardia balance sheet capacity to provide additional capital to grow the portfolio. - E 34Th St Cathedral Fairview of St John Laguardia The Divine EAST - Wall St W 110th St Frederick Cathedral Pkwy Manhattan Ave Manhattan Central Park N E 110th St HARLEM Douglass Cir (El Bario) Frawley Cir Lasker Rink Triborough Brdg & Pool Moonachie W 106th St Amsterdam Ave E 106th St During the first quarter, we continued to focus on driving upside potential for the portfolioManhattan through Museo Psychiatric Center Del Barrio Broadway Museum of The City Of New York repositioning and lease up opportunities. We believe the repositioning strategy undertaken onDr FDR the ground Mt Sinai Hospital Metropolitan Riverside Dr Riverside 97th St Transverse Rd Hospital floor retail space at 9 Times Square will make the Seventh Avenue retailPkwy Hudson Henry frontage more attractive to potential W 96th St Tennis Madison Ave E 96th St Courts Jewish tenants, while the new lobby and the pre-built office suites will accelerate lease upMuseum and drive increased UPPER Ferry Cooper Hewitt Terminal WEST Museum E 90th St Soldiers and Gracie SIDE Guggenheim Sailors 86th St Transverse Rd Mansion property value. Carlstadt Monument Museum Queens North Central Ave Lexington Park Ave Bergen W 86th St Park E 86th St 1st Ave YORKVILLE Children's Museum Metropolitan UPPER Riverside Museum Of Art EAST Park Delecorte Central WPark 1 Columbus Ave W 81st St Theater SIDE Obelisk Hayden American W 79th St Planetarium Museum Of E 79th St Ave York REAL ESTATE INVESTMENTS PROPERTYNatural History MAP (in millions) Belvedere Guttenberg Castle 79th St Transverse Rd W 77th St Boat House W End Ave New York Historical Society Whitney Museum Bethesda of American Art Fountain & Terrace NYC W 72nd St REIT E 72nd St Cornell Asia Society Medical Bandshell The Frick Museum College Henry Hudson Pkwy Hudson Henry Collection NYC $800 REIT LINCOLN New York ROOSEVELT Hospital ISLAND SQUARE Center Museum of Julliard Tavern On 5th Ave American The Green LENNOX West New School Folk Art 65th Street Transverse Rd 3rd Ave 3rd HILL Rockefeller York Lincoln The Zoo University Center Dairy $750 E 63rd St Abigail NY State Wollman E 62nd St Adams Smith Theater Rink House Museum 2nd Ave 2nd Henry Hudson Pkwy Hudson Henry E 61st St Fdr Dr E 60th St Fordham Queensboro bu Queensboro Brg Conn m s C Central Park S Univ lu ir o Brdg C W 58th St Plaza Hotel Plz Army Grand $700 NYC W 57th St E 57th St REIT NY Convention Trump & Visitors Carnegie Tower Bureau Hall Museum Of Modern Art E 53rd St Museum of TV & Radio American Craft Museum St Patricks $650 Passenger Cathedral Ship Terminal Radio City Music Hall Ave First Waldorf - Rockefeller Astoria Hotel E 48th St TIMES Center Rockefeller Plz NYC Intrepid 8th Ave Sea-Air-Space SQUARE REIT MIDTOWN Museum 9th Ave Grand $600 NYC Central United REIT Vanderbilt Ave Nations 12th Ave 11th Ave 7th Ave Chrysler Park Ave W 42nd St United Nations Plz Weehawken Building E 42nd St Queens Midtown Tunnel Dyer Ave Dyer 10th Ave Bryant Park E 40th St Lincoln Tunnel The AmericasAvenue Of NY Public MURRAY Lincoln Tunnel Library $550 W 39th St GARMENT HILL Ferry HELLS W 38th St Pierpont Terminal DISTRICT Morgan Secaucus Jacob Javits KITCHEN Library Convention Center Fashion Ave Fashion Empire State Park Ave Park 1st Ave 1st Dyer Ave W 34th St Building General E 34th St Post Oce Madison Square $500 Garden NYU W 31st St 3rd Ave Penn Ave 2nd Medical Station W 30th St 8th Ave Center Chelsea MIDTOWN KIP'S Park SOUTH E 28th St BAY Union Bellevue $450 City CENTRAL Hospital Madison E 25th St Square VA 7th Ave Park Hospital W 23rd St E 23rd St CHELSEA S Ave Park $400 FLATIRON Theodore DISTRICT Roosevelt Gramercy STUYVESANT Birthplace Park TOWN Union GRAMERCY Square PARK 11th Ave Avenue C Avenue Union Sq E E 15th St W 14th St The AmericasAvenue Of E 14th St $350 Union SqW E 14th St Greenwich Ave GREENWICH Ukranian VILLAGE Museum Stevens Institute Ave 4th St Marks E 9th St Church of Technology Ct Lafayette W 8th St 8th St Cooper Saint Marks Pl Tompkins $300 Union Square Astor Pl Landmark 7th Ave S Ave 7th Washington EAST WEST Bleecker St Sq N Washington Washington Pl VILLAGE VILLAGE Washington SqW Square Washington Sq S Washington Sq E Cooper Sq E 4th St E 4th Walk Hoboken New York Christopher St University Avenue D Avenue Avenue A Avenue Avenue B Avenue $250 C Avenue Greenwich St Greenwich NOHO E Houston St Varick St Laguardia Pl Hudson St Clinton St Columbia St FDR Dr Prince St New Museum of Contemporary Mulberry St W Houston St Art Sarah D Rivington St Allen St Roosevelt Delancey St Lafayette St Lafayette Pkwy Williamsburg Brdg Delancey St $200 Americas The NYC Fire Of Avenue Delancey St Museum SOHO Kenmare St Bowery Cleveland Pl Cleveland LITTLE Broome St Tenement ITALY Museum Canal St Grand St BOWERY West St West Watts St Seward Holland Tunnel W Broadway Park LOWER $150 EAST Corlears Varick St Varick SIDE Hook Park Chinese Front St Alternative E Broadway Museum CHINATOWN History Museum Pike St Brooklyn $100 South St Duane St Support US Court House Park Row Activity Manhattan Brdg Chambers St TRIBECA City Hall Avenue Of The Finest Saint James Pl NYC Kearny Woolworth Barclay St Church St REIT $50 Bldg Park Row Brooklyn Brdg Natl WTC 9/11 Fulton St Memorial North Cove Maiden Ln Yacht Harbor Liberty St Pearl St Liberty Plz Liberty Federal Reserve $0 American Bank South Stock Ex Greenwich St Street Jersey BATTERY New York Trinity Pl Trinity Stock Ex Wall St Seaport PARK Ferry City Water St Terminal CITY Exchange Aly 2Q ‘14 3Q ‘14 4Q ‘14 1Q ‘15 2Q ‘15 3Q ‘15 4Q ‘15 1Q ‘16 2Q ‘16 3Q ‘16 4Q ‘16 1Q ‘17 Morris St Saint Peters St Greenwich Brooklyn College Battery Pl US Whitehall St FINANCIAL Custom State St Battery House DISTRICT Park Castle Clinton Cumulative Cost Basis ($MMs) Nat'l Monument Ferry Terminal Ferry Terminal Brooklyn Battery Tunnel PORTFOLIO HIGHLIGHTS (As of March 31, 2017) Ellis Island National Monument Property Highlights Financial Highlights Governors Island Support Center 1 Jersey City Real Estate Investments $746.5 million Number of Properties State College 6 Prospect Park Statue Of Liberty Nat'l Monument 2 Leverage Ratio KINGS 31% Square Feet 1.01 million Distribution Information Percentage Leased Newark 86.7% Distribution Rate3 6.05% Weighted Avg. Remaining Lease Term (Yrs.) 6.1 (as of March 31, 2017) Distribution Frequency Monthly 1 Total real estate investments, at cost as of March 31, 2017 as recorded on ARC NYCR balance sheet. 2 Calculated as total debt outstanding net of deferred financing costs divided by total real estate investments at cost. 3 Annualized Distribution Rate is calculated based upon distributions of $1.51 per share per annum (calculated by annualizing the daily distribution rate as of March 31, 2017) divided by the initial public offering per share price of $25.00, or 6.05%. Based on ARC NYCR Estimated Per-Share NAV of $21.25 as of June 30, 2016, the annualized distribution yield is 7.1%.