Empire State Realty Trust, Inc. — Form SCHEDULE 13D
Filed October 5, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D
— Neutral
significance 72/100
What the filing says
Between Sept 2–Oct 2, 2026, Erez REIT Opportunities LP and Erez Asset Management LLC (reporting persons controlled by Bruce Schanzer) purchased approximately 10.4 million shares of Empire State Realty Trust Class A common stock in open-market transactions at prices ranging from $4.08–$4.46 per share. The aggregate acquisition value was roughly $43.5M. A joint filing agreement dated October 5, 2026 confirms coordinated reporting by both entities and Schanzer.
Why this rating
~$43.5M investment is 3.1% of $1.4B market cap—material for a single investor. Passive accumulation without control language or stated strategic intent; routine Schedule 13D disclosure of significant minority stake formation.
Price action (we called it neutral)
before filing · preread $4.23 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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