The NYC-based firms will remain separate entities but will collaborate to find the best solutions in multifamily technology, reporting and management. Canvas Property Group, an entrepreneurial, tech-focused property and asset management company specializing in multifamily real estate in the Northeast with a focus on New York City, today announced that it has entered a partnership…
Always accept feedback. Allow for a transition period but also take into account what is working and what is not. This understanding of how one process may not be what is best will allow for your company to gain greater insight into what can be fundamental and what is only a distraction. While digital transformation…
Utilizing technology, we’ve changed the entire way we operate multifamily real estate, and therefore how our investors and clients interact with the reporting we produce. We have spent the last 18 months designing software that allows a look into the performance of multifamily real estate that helps everyone on the deal team from portfolio to…
Expect battles over real estate taxes, an influx of younger renters and bulk buyers Housing markets in other parts of the country have been seeing record high prices and an increase in demand in 2020 — but not so in New York City, where the residential market has taken a beating from the pandemic. Rents…
It can be lonely living alone, especially during a pandemic, so some renters are finding new places with friends and sharing both the experience and the rent. In New York, where high rents, small apartments and vibrant social lives were, until recently, hallmarks of life, roommates were seen by many as a financial necessity rather…
The year 2020 has been a long and hard slog for everyone, including the experts in the multifamily field. To be sure, apartments have weathered… The year 2020 has been a long and hard slog for everyone, including the experts in the multifamily field. To be sure, apartments have weathered the pandemic relatively well, holding…
The year 2019 was a whirlwind for New York City real estate, especially when it comes to the New York multifamily market. In June, Governor Cuomo signed into law the Housing Stability and Tenant Protection Act, which constituted major changes to the New York Landlord/Tenant Law and, more specifically, the Rent Stabilization Law. The Housing…
In the current climate, where all aspects of New York City real estate have gone virtual, it is more apparent than ever that building owners and property managers must embrace and utilize a technology suite. With social distancing and remote work, which will remain as offices begin to gradually and partially reopen, the real estate…
April collections held steady for some, but others saw a significant drop-off as all brace for May Dan Michaels, of the Los Angeles-based real estate investment firm Stockdale Capital Partners, had a gut feeling late last year that it was time to launch a commingled distressed debt fund. Dan Michaels of Stockdale Capital Partners Prior…
Six months after Albany passed its sweeping tenant protections, the city’s multifamily market is feeling the strain Soon after Albany passed its overhaul of the state’s rent law in June, real estate firms with big rent-stabilized holdings took a major hit. Months earlier, David Bistricer’s real estate investment trust Clipper Equity, which owns more than…