Management ChangeJul 13, 2026, 05:01 PM
American Strategic Investment Appoints CEO Schorsch Jr. as Chairman; Weil Resigns
AI Summary
American Strategic Investment Co. announced that Edward M. Weil, Jr. resigned as a Class III director and Chairman of the Board, effective July 9, 2026, citing personal reasons. Subsequently, the Board appointed Nicholas S. Schorsch, Jr., the company's current Chief Executive Officer, as a Class III director and Chairman of the Board, effective July 10, 2026. Mr. Schorsch, Jr. has been CEO since March 2025 and possesses extensive experience in real estate, financial services, and M&A.
Key Highlights
- Edward M. Weil, Jr. resigned as Class III director and Chairman of the Board on July 9, 2026.
- His resignation was for personal reasons and not due to any disagreement with the company.
- Nicholas S. Schorsch, Jr. was appointed Class III director and Chairman of the Board on July 10, 2026.
- Mr. Schorsch, Jr.'s term as director expires at the company's 2029 annual meeting.
- He has served as the company's Chief Executive Officer since March 2025.
- Mr. Schorsch, Jr. brings over a decade of experience in real estate, financial services, and M&A.
Price Impact
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