Bernard H. Mendik Lifetime Leadership in Real Estate Award
This leadership award, first bestowed in 2003, is presented to REBNY members who have displayed exceptional service to the real estate industry and professional accomplishments over the course of distinguished careers.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,