New York, NY Arthur Mirante, principal and Tri-State president of Avison Young received the Pietas Medal at the Grand Alumni Homecoming Weekend of St. John’s University. The award was presented by the dean of the School of Law at the St. Thomas Moore Church on campus, who recognized Mirante’s contribution to the university throughout his career as well as his contribution to the community at large.
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,