Albany, NY Largo Real Estate Advisors, Inc. has welcomed Diane Young to its team as vice president. She will be responsible for commercial loan originations in the Capital District and the surrounding areas. With 35 years of experience in the commercial real estate industry across the nation, Young’s career has encompassed 15 years in the brokerage community and 20 years as a commercial lender with such firms as Jones Lang LaSalle, TIAA, Travelers Insurance, Aetna and Citibank.
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,