American Strategic Investment is an externally managed real estate investment trust for U.S. federal income tax purposes that invests primarily in office properties located exclusively within the five boroughs of New York City, primarily Manhattan. Co. has also purchased certain real estate assets that accompany office properties, including retail spaces and amenities, and may purchase hospitality assets, residential assets and other property types also located exclusively within the five boroughs of New York City. Substantially all of Co.'s business is conducted through its subsidiary, New York City Operating Partnership, L.P., and its other wholly-owned subsidiaries.