Erez Asset Management LLC reported beneficial ownership of 10,000,000 shares of Empire State Realty Trust, Inc. Class A common stock, or 5.8% of the class, according to a Schedule 13D filed Oct. 5 with the US Securities and Exchange Commission.
\nThe filing gives Oct. 1 as the date of the event that required it. Erez Asset Management filed jointly with Erez REIT Opportunities LP and Bruce Schanzer, who the filing says serves as chairman, chief investment officer and sole member of Erez Asset Management. Erez Asset Management reports the shares as held by certain funds and accounts it manages, including Erez REIT Opportunities. The 5.8% figure is based on 172,165,643 shares of Class A common stock outstanding, the filing says.
\nThe filing says the reporting persons believe Empire State Realty Trust's securities are undervalued. They have communicated with management and the board \"regarding capital allocation, business management and operations, and strategy and plans of the Issuer, including a potential strategic review of some or all of the Issuer's assets,\" according to the filing.
\nThe reporting persons intend to hold further discussions with management and board members and may discuss other matters, including corporate governance and board composition, capital structure, dividend and buyback policies and compensation practices, the filing says. They may also communicate with other stockholders and third parties about the company, according to the filing.
", "text": "Erez Asset Management LLC reported beneficial ownership of 10,000,000 shares of Empire State Realty Trust, Inc. Class A common stock, or 5.8% of the class, according to a Schedule 13D filed Oct. 5 with the US Securities and Exchange Commission.\n\nThe filing gives Oct. 1 as the date of the event that required it. Erez Asset Management filed jointly with Erez REIT Opportunities LP and Bruce Schanzer, who the filing says serves as chairman, chief investment officer and sole member of Erez Asset Management. Erez Asset Management reports the shares as held by certain funds and accounts it manages, including Erez REIT Opportunities. The 5.8% figure is based on 172,165,643 shares of Class A common stock outstanding, the filing says.\n\nThe filing says the reporting persons believe Empire State Realty Trust's securities are undervalued. They have communicated with management and the board \"regarding capital allocation, business management and operations, and strategy and plans of the Issuer, including a potential strategic review of some or all of the Issuer's assets,\" according to the filing.\n\nThe reporting persons intend to hold further discussions with management and board members and may discuss other matters, including corporate governance and board composition, capital structure, dividend and buyback policies and compensation practices, the filing says. They may also communicate with other stockholders and third parties about the company, according to the filing." }, "claims": [], "contact": "research@alphanume.com", "corrections": [], "dek": "The filing says the Erez group has talked with Empire State Realty Trust's management and board about capital allocation, strategy and a potential strategic review of some or all of its assets.", "desk": "activism", "desk_label": "Activism", "entities": [ { "basis": "identifier or the record itself", "in_headline": false, "name": "Erez Asset Management LLC", "role": "filer" } ], "facts": [ { "key": "activist", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]", "value": "Erez Asset Management LLC" }, "text": "Erez Asset Management LLC" }, { "key": "filer", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]/reportingPersonName", "value": "Erez Asset Management LLC" }, "text": "Erez Asset Management LLC" }, { "key": "issuer", "receipt": "0000902664-26-004065", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "Empire State Realty Trust, Inc." }, "text": "Empire State Realty Trust, Inc." }, { "key": "activist_head", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]", "value": "Erez Asset Management LLC" }, "text": "Erez Asset Management" }, { "key": "issuer_head", "receipt": "0000902664-26-004065", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "Empire State Realty Trust" }, "text": "Empire State Realty Trust" }, { "key": "pct", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]/percentOfClass", "value": "5.8" }, "text": "5.8%" }, { "key": "shares", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]/aggregateAmountOwned", "value": "10000000.00" }, "text": "10,000,000" }, { "key": "demand_phrase", "receipt": "0000902664-26-004065", "source": { "path": "formData/items1To7/item4 (verbatim)", "value": "a potential strategic review of some or all of the Issuer's assets" }, "text": "a potential strategic review of some or all of the Issuer's assets" }, { "key": "co_filer_0", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]", "value": "Erez REIT Opportunities LP" }, "text": "Erez REIT Opportunities LP" }, { "key": "co_filer_1", "receipt": "0000902664-26-004065", "source": { "path": "formData/reportingPersons/reportingPersonInfo[3]", "value": "Bruce Schanzer" }, "text": "Bruce Schanzer" }, { "key": "filed_date__short", "receipt": "0000902664-26-004065", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-10-05" }, "text": "Oct. 5" }, { "key": "event_date__short", "receipt": "0000902664-26-004065", "source": { "path": "formData/coverPageHeader/dateOfEvent", "value": "10/01/2026" }, "text": "Oct. 1" } ], "guid": "tag:alphanume.com,2026:news:s_wh2scxxhdqoi", "headline": "Erez Asset Management Discloses 5.8% Stake in Empire State Realty Trust", "id": "s_wh2scxxhdqoi", "kind": "story", "legal": { "allegation": false, "stage": null }, "published_at": "2026-10-06T14:24:55+00:00", "receipts": [ { "cik": "2014584", "filed": "2026-10-05", "form": "SCHEDULE 13D", "id": "0000902664-26-004065", "label": "Schedule 13D accession 0000902664-26-004065", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/2014584/000090266426004065/0000902664-26-004065-index.htm" } ], "record_date": "2026-10-05", "schema": "alphanume.news/item/v1", "slug": "erez-asset-management-discloses-5-8-stake-in-empire-state-realty-trust", "status": "published", "type": "activist_13d_initial", "updated_at": "2026-10-06T14:24:55+00:00", "version": 1, "url": "https://news.alphanume.com/stories/erez-asset-management-discloses-5-8-stake-in-empire-state-realty-trust", "api_url": "https://news.alphanume.com/api/v1/stories/s_wh2scxxhdqoi" }