New York City REIT Inc., a publicly registered non-traded real estate investment trust formerly known as American Realty Capital New York City REIT, announced that Katie Kurtz has resigned as chief financial officer and treasurer, effective immediately. The board unanimously elected Christopher Masterson to replace Kurtz.
In a filing with Securities and Exchange Commission, the company said that were no disagreements between Kurtz and the firm, its advisor New York City Advisors, or its property manager New York City Properties.
Masterson will also replace Kurtz as CFO and treasurer of the advisor and property manager.
Masterson joined AR Global Investments LLC in February 2013 and has held executive accounting roles at its affiliated companies including Global Net Lease Inc., American Finance Trust Inc., American Realty Capital – Retail Centers of America Inc., Business Development Corporation of America, and Realty Finance Trust Inc.
Before joined AR Global, he worked at Goldman Sachs & Co. for close to seven years, where he most recently served as a vice president in the Merchant Banking Division Controllers team. Before that, he served as an auditor at KPMG LLP.
Masterson is a certified public accountant in New York State, holds a B.B.A. from the University of Notre Dame and an M.B.A. from New York University.
New York City REIT invests in properties located in the five boroughs of New York City, with a focus on Manhattan. The company closed its offering in May 2015 after raising a total of $776 million in investor equity and owns seven properties with an investment cost of $774 million.