Manhattan, NY Clients and friends of the Kramer Levin real estate and land use practices enjoying the evening at 432 Park and its outdoor space, a development that Kramer Levin is integrally involved as counsel to CIM.
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,