Shown (from left) are: Joe Runk, Mission Capital; Dwight Bostic, Mission Capital; Dennis Zenhle, Mission Global; and Trenton Stanley, Mission GlobalManhattan, NY Mission Capital Advisors, a leading national, diversified advisory and brokerage firm that specializes in arranging real estate capital, held its annual holiday bash at the Top of the Standard on December 8th.
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,