Shown (from left) are: Matt Horn, city manager, City of Geneva; chairman Frank Cecere, City of Geneva IDA; mayor Ron Alcock, City of Geneva; Jim Taylor, CEO – TAYLOR – The Builders/Partner – Wine Country Hospitality; John Garvey, Ontario County Administrator and Emily Palumbos, District Chief of Staff – Assemblyman Brian Kolb.
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,