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Posted on: Sept. 30, 2016, 11:20 a.m.
Another week, another argument over the future of New York REIT. Activist investors Steve Witkoff and Michael Ashner accused the real estate investment trust’s board of “muffling” their voice by refusing to give them representation. Last month, NYRT’s board agreed to dissolve the REIT and sell its assets, following pressure from Ashner and Witkoff to do so. Full investment news article