Discussion on the potential impact of legislation that aims to prohibit hedge funds from purchasing and owning single-family homes, including the consequences for firms already invested in the single-family rental trend and the government's concerns about inflated prices. Also, the passage of a bill in New York City Council that mandates inspections of vacant units in response to tenant complaints about hazardous conditions.
You know the story: interest rates rose and deal flow slowed. After a year and half of sluggish trading, what's next for NYC's investment sales market? Avison Young's Head of Tri-State Investment Sales James Nelson lays out the market dynamics set to drive office and multifamily deals. Ariel Property Advisors' Founder Shimon Shkury gets granular on the distress affecting the rent-stabilized market.