New York, NY Camille Renshaw has joined Ten-X from Stan Johnson Co. to lead the Institutional Client Group. In this role, Renshaw will oversee the growing Institutional division which works with hedge funds, private equity, financial firms and large corporations to help investment managers buy and sell commercial properties on the company’s online transaction platform.
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,