Trinity Place Holdings Transfers JV Assets to Shareholder Trust

Trinity Place Holdings Inc. Announces Transfer of JV Ownership Interests

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

05/20/2025 - 05:34 PM

NEW YORK--(BUSINESS WIRE)-- Trinity Place Holdings Inc. (OTC: TPHS), an intellectual property and real estate holding, investment, development and asset management company (鈥淭PHS鈥� or the 鈥淐ompany鈥�), announced today that, as of May 20, 2025, the Company鈥檚 joint venture membership interests in TPHGreenwich Holdings LLC (鈥淭PHGreenwich鈥�), including the Company鈥檚 right to distributions under the TPHGreenwich Second Amended and Restated Limited Liability Company Operating Agreement, have been transferred into a trust for the benefit of the Company鈥檚 shareholders. A copy of the trust agreement can be found on the Company鈥檚 website at .

About Trinity Place Holdings Inc.

Trinity Place Holdings Inc. () is an intellectual property and real estate holding, investment, development and asset management company. After the transfer described above, the Company will continue to control a variety of intellectual property assets focused on the consumer sector, a legacy of the Company鈥檚 predecessor, Syms Corp. (鈥淪yms鈥�), including FilenesBasement.com, the Company鈥檚 rights to the Stanley Blacker庐 brand, as well as the intellectual property associated with the Running of the Brides庐 event and the An Educated Consumer is Our Best Customer庐 slogan.