American Strategic Investment Co. is an externally managed commercial real estate company that owns a diversified portfolio of office, retail, hospitality, and residential properties primarily located in New York City's five boroughs. The company generates revenue through rental income from its tenant base—which includes government agencies, retail operators, non-profits, and fitness facilities—while targeting high-occupancy, cash-flowing assets acquired at or below replacement cost. The company finances its operations and acquisitions through cash on hand, deferred management fees, debt facilities, and periodic equity offerings, and seeks to deliver returns to shareholders through quarterly dividends, realized property appreciation, and current rental income.