Photo caption: Back row (from left) are: Michael Ridloff, director of investments - Vanke Holdings USA, LLC; Richard Siu, chief investment officer - F&T Group; Richard Weidman, senior counsel - Herrick, Feinstein LLP; Nicholas Santoro, senior managing director - Centennial Bank; Belinda Schwartz, chair RE department - Herrick, Feinstein LLP and Jeffrey Dvorett, executive vice president, head of development - Kuafu Properties, LLC
Front row (from left) are: Paul Shapses, partner - Herrick, Feinstein LLP; Sean McSweeney, vice president, acquisitions - Mitsui Fudosan America, Inc.; Kevin Gao, chief administrative officer - Shanghai Municipal Investment (Group) USA; Katie Ruegg - Shanghai Municipal Investment (Group) USA
New York, NY Herrick Feinstein’s Real Estate Board of New York Commercial Real Estate Finance lunch at the Yale Club held Monday September 21.
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,