Kramer Levin Naftalis and Frankel LLP; Ms. Consolo; Zach Bornstein, Managing Director of Capital Markets, Olshan Properties; and Merrie Frankel, VP in Commercial Real Estate Finance, Moody's Investors Service" width="800" height="601" /> Shown (from left) are: Jay Neveloff, partner, Kramer Levin Naftalis and Frankel LLP;Â Consolo; Zach Bornstein, managing director of capital markets, Olshan Properties; and Merrie Frankel, VP in commercial real estate finance, Moody's Investors Service.
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,