New York REIT, Inc., (NYSE: NYRT), which was created in September 2010 as a public, non-listed REIT, began trading on the New York Stock Exchange (NYSE) April 15.
Shares of the company’s stock opened at a price of $ 10.70 and were trading around $ 10.37 by late afternoon.
The company, which was previously known as American Realty Capital New York Recovery REIT, Inc., focuses on acquiring and operating a portfolio of institutional-quality office and retail properties in New York.