News: Brokerage

GFP Real Estate and its tenants raise more than $200,000 to support Ukrainian refugees

New York, NY GFP Real Estate's “Support Ukraine in Crisis” campaign raised more than $200,000 to support humanitarian relief efforts on the ground in Ukraine.

GFP Real Estate launched its “Support Ukraine in Crisis” campaign in May, asking tenants and building visitors at each of its office buildings city-wide to donate what they could to support those in need. The company posted signage with QR codes in each participating property encouraging passersby to donate directly to the cause. In addition to each participating property donating to the effort, GFP matched all donations made by its tenants during the campaign.

Money raised by GFP Real Estate and its tenants will be donated to GlobalGiving’s “Ukraine Crisis Relief Fund,” which has raised more than $49 million dollars thus far. All donations made to the fund will “support humanitarian assistance in impacted communities in Ukraine and surrounding regions where Ukrainian refugees have fled.”  

GFP Real Estate chairman and principal Jeffrey Gural was inspired to create the campaign after seeing the overwhelming success of the international “Stand Up for Ukraine” drive led by Global Citizen—a GFP Real Estate tenant—that raised more than $10.1 billion worldwide.

“As an organization, we believe strongly in helping others whenever possible. We saw this incredible effort put together by our tenant, Global Citizen, to help those most affected by the war and thought, ‘How can we extend the impact of their efforts and help those in need?’” said Gural. “I’d like to thank our tenants and their employees for helping us make a difference by supporting those who have suffered so much loss.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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,