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NY REIT Starting New Chapter

NEW YORK CITY—The troubled firm’s reboot, which includes a new external advisor and several changes to top leadership, is set to launch this Tuesday.

Silverstein-Wendy- Silverstein: “We are well positioned for the goal of maximizing value for all NYRT stockholders.”

NEW YORK CITY—New York REIT has notified the parties that the previously announced transition of its external advisor from New York Recovery Advisors to Winthrop REIT Advisors will be completed on March 7. All advisory duties will on that date be transferred to Winthrop.

In connection with the transition of external managers, Wendy Silverstein will be appointed as the company’s president and CEO as of that same date and will continue to serve as a member of the company’s Board of Directors. In addition, John Garilli will be appointed as the company’s Chief Financial Officer, Treasurer and Secretary as of that date.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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