Manhattan, NY CBIZ Marks Paneth promoted Anthony DelValle and Rafael Vasquez to managing directors.
DelValle, Real Estate Group, provides accounting, tax planning and advisory services to his commercial and residential real estate clients. DelValle also brings extensive experience with tax planning, consultation and preparation for high-net-worth individuals and their closely held businesses, including partnerships and limited liability companies.
Vasquez, Real Estate Group, serves commercial and residential real estate clients, as well as real estate management companies. He provides accounting services to real estate investment trusts (REITs) and private real estate companies. As a shareholder in MHM, he also provides audit services for clients.
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,