Shown (from left) are: Maurice Grey, Greater Harlem Real Estate Board; Robert Horsford, Apex Building Group; Osei Rubie, National Standard Abstract; and Kenneth Morrison, Lemor Development Group.Manhattan, NY On June 7th, more than 240 real estate professionals from NY and NJ attended a networking mixer hosted by Maurice Grey, Greater Harlem Real Estate Board; RobertHorsford, Apex Building Group; Osei Rubie, National Standard Abstract; and Kenneth Morrison, Lemor Development Group. The event, at Cove Lounge in Harlem, drew the commercial and residential real-estate industry’s most active professionals including developers, brokers, lenders, private-equity firms and attorneys.
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,