With the value-add multifamily business in NYC all but eliminated by the Housing Stability and Tenant Protection Act of 2019, many investors are looking for new avenues to invest in NY. Savvy operators have started to turn their attention to the mortgages which are collateralized by rent-stabilized assets as potential acquisition targets. Is this the next frontier in NY real estate? Are there opportunities surfacing? Is there more to come? How does this market reflect the wider world of for-sale notes in the US? Our esteemed panel of experts will dive into these questions and more as we continue to explore the fallout from the rent law changes and search for opportunity in this new landscape.
SPEAKERS
Andrew Dansker | Moderator
First Vice President of Finance
Dansker Capital Group at Marcus & Millichap
Joshua Zegen | Panelist
Managing Principal, Co-Founder
Madison Realty Capital
James Carpenter | Panelist
Senior Executive Vice President & Chief Lending Officer
New York Community Bank
Brock Cannon | Panelist
Executive Managing Director
Newmark Knight Frank
Kelly Gebert, Jr. | Panelist
Director of Acquisitions
Triangle Capital Group
