Manhattan, NY Andrea Lawrence, deputy CEO and general counsel, HAP Investments, addressed the B’nai B’rith Real Estate monthly luncheon meeting, October 10th, at the Cornell Club. Her topic was “Inside HAP Investments.”
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,