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Shown in the back row (from left) are: Matthew Fox (Trinity Real Estate), Alan Bernstein (Waterman Interests), Craig Waggner (Cushman & Wakefield), Justin Huebener (L&L Holding), Caroline Merck (CBRE), Alex Kaskel (ABS Partners). Shown in the front row (from left) are: Lenny Lazzarino (Edison Properties), Ziel Feldman (HFZ), Laura Jackson (FTI Consulting).
New York, NY YM/WREA was honored to host Ziel Feldman, chairman & founder, HFZ Capital Group at their June 11th membership luncheon held at the University Club. Feldman spoke to a packed room of members and guests about HFZ’s development philosophy and current projects in development including The XI: new luxury West Chelsea condominium residences designed by Bjarke Ingels Group.
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,