From the early 90’s until June of 2019, NYC real estate only got better. There were a couple of bumps along the way, but those were relatively short lived. Enter HSTPA and owners need to adjust entirely to the new reality. Those that adapt survive, and those that wallow with indecisiveness risk everything. For the most part early adopters of change have been rewarded. For 25 years, the buildings provided cash flow, upside, AND asset appreciation. The trifecta! NYC rent laws were adjusted in 1993 to allow for individual apartment…

"It's finding the next one." Shaun Riney and Andrew Bronstein sat down with Greg Fournier — managing principal of Greenbrook Partners, one of the most quietly prolific operators in Brooklyn multifamily. Greg doesn’t do much press. That makes this conversation worth paying attention to. Greenbrook has deployed over $1.5 billion in equity, owns roughly 450 buildings across 20 Brooklyn neighborhoods, employs 150 people, and just closed a $486 million refinance with Freddie Mac through Invesco — covering 260 properties, roughly half the portfolio. Here’s what I took away. It Started…

"Bankruptcy isn't a dirty word." Shaun Riney and I recently sat down with Leo Jacobs - restructuring attorney, business litigation expert, self-described Winston Churchill of real estate, and one of the most interesting people we've had on this show. Leo represents some of the biggest landlords in New York City and has been at the center of many of the highest-profile distressed situations playing out right now. We recorded on the eve of the Pinnacle portfolio bankruptcy auction 5,500 rent-regulated units, the first of what Leo believes will be many.…