Manhattan, NY “Brewing Since 1876” was the theme of a gathering of Stroock’s National Real Estate Group along with clients and friends for a celebration of Oktoberfest. Stroock RE lawyers from all four of its offices were in Midtown to host nearly 370 guests for blind beer tastings, brats, live oompah music and networking under big tents on Park Ave.

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,