
Manhattan, NY The Real Estate Board of New York (REBNY), the city’s leading real estate trade association, gathered members of the residential property management industry for the 24th annual residential management leadership breakfast. Held at the New York Hilton Midtown, the event celebrated the accomplishments of residential building management professionals and recognized six leaders for outstanding work in the field.
Stuart Saft of Holland & Knight was among those honored, receiving the Outstanding Contribution to the Real Estate Industry Award. Saft is a partner and practice group leader of Holland & Knight's New York Real Estate Practice Group, a position that also includes co-chairing the firm’s global Condominium Development and Conversion Team. He has extensive experience in real estate development, financing, leasing, conversion-to-condominium and cooperative ownership, exchange, syndication, sale-leaseback, timeshare, restructuring, acquisition and sale of residential, commercial and hospitality property throughout the United States. Saft’s responsibilities extend to advising public officials at the city, state and national level. He has also served as board chair of the Council of New York Cooperatives & Condominiums for more than three decades.

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,