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New York REIT chooses Winthrop as new external advisor

Dec. 19, 2016 9:34 AM ETNew York REIT (NYRT) StockBy: Stephen Alpher, SA News Editor8 Comments
  • Winthrop is led by former Vornado executive Wendy Silverstein and its pick naturally has the blessing of NYSE:NYRT investor Michael Ashner, who recently led the liquidation of Winthrop Realty Trust (FUR).
  • Two special shareholder votes are scheduled: One on Dec. 30 will be for the election of board members, and the other on Jan. 3 will be for a vote on the plan of liquidation. The meeting schedule will allow the company to begin liquidation accounting for full year 2017.

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