Comrit Investments Issues Letter to New York City REIT Stockholders

Urges Stockholders to Vote on the WHITE Proxy Card to Elect Comrit's Highly Qualified, Independent Director Candidate at the Company's Annual Meeting on May 31

Visit www.RebuildNYCREIT.com for Access to Important Information and Resources

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Comrit Investments 1, LP (together with its affiliates, “Comrit” or “we”), a long-term stockholder of New York City REIT, Inc. (NYSE: NYC) (“NYC REIT” or the “Company”), today sent a letter to fellow stockholders regarding the urgent need for boardroom change at NYC REIT.

Comrit urges stockholders to vote on the WHITE proxy card to elect Sharon Stern, our highly qualified and independent director candidate, at the Company’s upcoming Annual Meeting of Stockholders on May 31, 2022.

***

IF YOU HAVE QUESTIONS ON HOW TO VOTE THE WHITE PROXY CARD, PLEASE CONTACT SARATOGA PROXY CONSULTING AT [e-mail] OR TOLL-FREE AT: [phone].

***

About Comrit Investments

Comrit Investments 1, LP is an investment partnership that invests in income generating real estate through public non-traded real estate investment trusts. Founded in 2015 and based in Tel Aviv, Washington D.C. and New York City, Comrit is sponsored by I.B.I. Investment House Ltd. (TLV: IBI), an Israel-based market leader in alternative fund offerings. Comrit’s management team collectively has 30 years of experience investing across the U.S. real estate market.