Uniondale, NY According to Forchelli Deegan Terrana (FDT), Daniel Deegan, a partner and chair of the firm’s IDA benefits and government incentives practice group, was elected to the Long Island Builders Institute’s board of directors.
“Dan Deegan is one of the most well-respected real estate development attorneys on Long Island and his experience and insight into development will be an asset to the LIBI Board,” said Mike Florio, CEO of the LI Builders Institute.
The Long Island Builders Institute (LIBI), established in in 1941, represents over 730 member companies on Long Island and is the largest trade association for homebuilders and remodelers in New York state.
Deegan earned his J.D. from St. John’s University School of Law and his B.A. from Providence College.
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,