Who are the top 15 to 20 low income housing investors in NYC?
Who are the top 15 to 20 low income housing investors in NYC?
Any information would be appreciated.
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Maybe I am being dense, but can you be more specific? Developers? Tax credit buyers? Equity investors?
In the most troll-ish sense, the federal, state, and city governments are the biggest investors in NYC affordable housing.
But there are a ton of funds that help finance affordable housing acquisitions that fly under the radar, so asking about operators/developers can be a more meaningful question
My fault - apologies.
I was referring to active owner/operators (family office level to quasi institutional) in the NYC metro area with a focus on Brooklyn, Queens, Bronx and Northern Manhattan.
L+M, BFC(/PDP), Omni, Dunn, PRC, Arker, Jonathan Rose. Couple of market rate developers are migrating into the space (e.g. Slate). Not a ton of affordable-focused companies; obviously everyone dabbles due to 421a or MIH.
[sits down with some fresh-brewed coffee ready to do hours of research to prepare a list, ordered by size, of NY's twenty biggest low-income housing investors]
Seriously. “Please do my homework and/or curate a list for me to cold call”
Kushner co., A&E. Look up the deal sheet on therealdeal.com too and see who's been most active lately.
I mean, this is sort of the question of what defines an affordable housing investor. Kushner buys a lot of "affordable" units but is also notorious for being a predatory landlord and flaunting rent stab. Does the question revolve around companies that focus on responsible development or preservation of low income units, or any company that buys a unit that is subject to some sort of rent regulation? Because those are VERY different questions.
All true. But my interpretation of the OP saying low income was more just low-mid income stock and areas in outer boroughs, much of which just happen to be regulated by association.
Don't mean to derail the thread but who are the biggest affordable housing brokers?
Do you want a few or the top 15 to 20?
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