New York, NY Jonathan Mechanic, head of Fried Frank’s Real Estate Department, Stuart Barr, head of the firm’s REIT Practice, and Phillip Richter, co-head of the Mergers & Acquisitions Practice, joined other market leaders as speakers and moderators during a conference co-sponsored by NYU School of Law Institute for Corporate Governance & Finance.
Held on Wednesday, October 19th, the event, “Governance and M&A Issues Confronting REITs During a Period of Market Instability,” attracted many of the industry’s top institutions. Among the topics discussed were current trends in the real estate and REIT market, REIT governance barriers, the importance of having a good board, ESG and REIT M&A opportunities following 2022 market disruptors.
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,