News
NO VACANCY?
April 14, 2010
| New York multifamily is unique, thanks to a substantial shortage of affordable and mixed-income housing, says Vantage Properties CEO Neil Rubler, who'll speak at Bisnow's first-ever Multi-family Summit on April 22. The city's growth is also exceeding new housing starts, leaving next to no vacancy in key submarkets. |
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| Because of this tight and risk-averse market, Neil sees growing investor interest in high-quality assets and submarkets. Financing is also available, with Fannie and Freddie bolstered by small local banks returning to multifamily. But there's still a bid-ask gap, so sellers are not putting product on the market, afraid of missing the rebound, he says. Join Neil as he discusses these local trends and more with Stonehenge Partners' Ofer Yardeni, Massey Knakal's Bob Knakal, Meridian Capital Group's Ralph Herzka, and Tahl Propp Equities' Joseph Tahl. Get a national view and great networking too!Register here. |
