What Housing Solutions Work Best For The Tri-State Area? Find Out At Bisnow's March 22 Event
The U.S. multifamily market saw promising gains in 2021. A report by Apartment List indicated that since 2020, rents have increased by approximately 18% nationally. The New York multifamily market stood out as having a noticeably quick upward jump, with the rent prices rising by about 33.5% year-over-year.
New York isn’t the only Tri-State region experiencing highs in the multifamily sector. By Q4 2021, all New Jersey submarkets experienced upticks in rent, with Middlesex County having the most substantial growth rate at 18.7%. Connecticut rents have also climbed, with Fairfield County rising by 19%.
While rising rents in all three regions are good news for investors and developers, they are also all in need of more affordable housing units to meet the ever-increasing demand. As states work to develop creative housing solutions and carve a path forward in 2022, commercial real estate professionals are wondering “What does recovery look like?” and “How can we create sufficient housing to meet the needs of a wide range of renters?”
At the in-person Tri-State Bisnow Multifamily Annual Conference event on March 22, attendees will learn about the gains in the Tri-State multifamily market and how it fits in with national trends and the latest news on everything from affordable housing to luxury condos.
Click here to register for this event and view Bisnow’s Covid-19 safety guidelines and protocols.
Panel Moderators
— Tom Didio Jr., senior director of debt and equity placement, JLL Capital Markets.
— Michael Lefkowitz, managing member, Rosenberg & Estis.
— Terry Baydala, managing director of originations, Pembrook Capital.
— Bill Fried, partner, Herrick Feinstein.
Panels and speakers:
Investing and Financing Multifamily
— Tricia Yarger, head of capital markets, Fairstead.
— Craig Livingston, managing partner, Exact Capital.
— Jacob Feingold, managing director, Canyon Partners Real Estate.
— Robert Dusel, director of capital markets leads, KKR.
Designing and Building Multifamily
— Josh Schuster, managing principal, Silverback Development.
— Sergey Ryback, founder and principal, Ryback Development.
— Susan Erdelyi Hamos, senior vice president, WSP Buildings USA.
— Victor Malerba Jr., associate principal, MG2.
— Raul Guttierez, co-founder and partner, ITALKRAFT.
Affordable Housing: Increasing Funding and Supply
— Carolee Fink, principal, MSquared.
— Pierre Downing, senior vice president of affordable housing, Monadnock Development.
— Spencer Orkus, partner and managing director of affordable housing, L+M Development Partners.
Macro Trends: Population Flow, Rent Rates and Demographic Shifts
— Danny Fishman, CEO, GAIA Real Estate.
— Martin Nussbaum, Principal, Slate Property Group.
Residential and Luxury Condos: Managing Tech and Tenant Demands
— Nancy Goldsmith, managing director of operations, Bozzuto Management Co.
— Amanda Smith, vice president of management, AKAM.
— Bob DiProspero, director of sales — Northeast, Kastle.
— Marc Kotler, senior vice president of new development consulting and property management, FirstService Residential.
Register here for the opportunity to meet in person with investors, developers, owners, property managers and other commercial real estate professionals and learn more about the latest updates in the Tri-State multifamily market.
