Behind The Bricks

Today we sit down with Joseph Tahl, President and Co-Founder of Tahl Propp Equities. Tahl Propp Equities is a privately held real estate investment, development and management company that specializes in affordable housing and retail in Harlem and Upper Manhattan. Since its founding in 1997, the firm has amassed a portfolio of more than 4 million square feet in those neighborhoods.

The multifamily industry in NYC is still adapting to the new rent laws which were passed in mid 2019, and in the beginning of this episode you will see how emotional this topic is for owners and operators. It really demonstrates the intertwined worlds of politics and business. As the interview hits its stride, you will be impressed as Joe shares his breadth of knowledge about the state of the condo market, supply, and future environment for investors and tenants alike. As a bonus, you will also hear some perspective about our current economic and real estate expansion, which is in its 10th year.

Hope you enjoy this episode!

For more information visit: www.behindthebricks.com

Welcome to "part 2" of this two-part series about the owner's response to the rent regulation laws that were passed in June 2019 in New York. This law radically transformed how owners of multifamily properties with rent stabilized tenants conduct their business and in response, several owner groups have filed lawsuits. If you haven't listened to the first episode, I strongly suggest that you start there in order to get the most out of second part.

Today, we are speaking with Kevin King, a Partner at Covington Law Firm in Washington DC. Kevin is part of the team leading another lawsuit on behalf of multifamily owners: an alliance called ARENY, which stands for "Alliance for Rental Excellence in New York." Kevin has had significant experience arguing cases such as this at the federal level, and in fact was a law clerk for Supreme Court Justice Scalia earlier in his career.

This is a fascinating episode, as we explore an alternative take on the owner's response, strategy, timing and what this means for multifamily owners in New York and elsewhere in the country. Our conversation will give owners everywhere a Birdseye view into the response as participants in the multifamily industry begin to assert their rights.

For people watching, investing, and participating in the New York City marketplace this is a must listen to episode---The Second of a two-part series.

I hope you enjoy it and now let's go behind the bricks with Kevin King.

For more information visit www.behindthebricks.com

Welcome to this two-part series about the owner's response to the rent regulation laws that were passed in June 2019 in New York. This law radically transformed how owners of multifamily properties with rent stabilized tenants conduct their business and in response, several owner groups have filed lawsuits. The most prominent of those lawsuits has been brought by two of the largest organizations representing multifamily owners in New York City: Chip (Community Housing Improvement Program), and RSA, the Rent Stabilization Association.

Today we are sitting down with Jay Martin who is the executive director of the Chip organization and we discuss the details of the lawsuit, it's major claims, timing, and other questions that owners may have about strategy and viability.

In addition, we discuss other future developments that are imminent in the multifamily industry. Specifically, a bill called "Good Cause Eviction", which would call for rent control on the remaining 1 million free market units in the city. This would be another massive transformation of the industry. We talk about the aspects of that bill and the possibility of it being passed in January.

For people watching, investing, and participating in the New York City marketplace this is a must listen episode---The first of a two-part series.

I hope you enjoy it and now let's go behind the bricks with Jay Martin.

For more information visit: www.behindthebricks.com https://chipnyc.org/

In this special compilation episode, we have pulled a few clips from some of our most popular episodes. We'll hear from Josh Zegen, Michael Shah, and Jarett Fein. Each of these prominent real estate players touch upon their humble beginnings in the industry, what they look for to find success, and how they navigated through market downswings.

Each of these guests provide insights into different parts of the industry, but share themes of grit and recognizing opportunity where others didn't. I hope you enjoy this bite-sized teaser and if you want more, you can find the full interviews in the show history.

Josh Zegen is a managing principle and co-founder of Madison Realty Capital, where he has closed an excess of $10 billion worth of real estate lending transactions. Michael Shah is a managing partner and founder of Delshah Capital, a NYC-based PE and asset management firm with close to $1 billion of assets under management. Jarett Fein is the co-CEO of Kensington Vanguard National Land Services, one of the largest full-service title insurance agencies in the country that handles over 1,000 transactions per month.

For more information visit www.behindthebricks.com

Everyone in the commercial real estate industry has asked themselves how is technology going to hurt or help them? How will it change the business and its opportunities? One way it's changing is through "co-living." The co-living concept is at the intersection of technology, evolving cultural norms, economic pressures, and possibly the beginning of a new category in the business.

Today we sit down with Brad Hargreaves, the CEO and founder of Common. Common is the premier operator in the co-living space that has opened 27 co-living properties in 6 cities. Brad is a serial entrepreneur who, notably before Common, was a co-founder of "General Assembly," a worldwide education platform that addressed the skills gap needed for success in the 21st century.

Brad has great advice for entrepreneurs, developing creativity, and his unique way of thinking will provide insights into the future of our industry....Enjoy this fascinating show!!

For more information visit: www.behindthebricks.com

In this "Monthly Market Talk" episode we do a quick dive about financing data in the CRE space. We sit down with Ely Razin, the CEO and founder of CrediFi. CrediFi is a commercial real estate data provider that leverages 200 billion data points to bring transparency to the financing of balance-sheet and securitized loans backed by commercial properties across the U.S. We are also joined by Andy Weiss to provide some NYC market perspective.

In our conversation we learn how Ely is leveraging technology to provide better tools and information about the CRE capital markets. If you are interested in where another part of how CRE data is transforming the industry, you will love this one. I hope you enjoy..

For more information visit: https://newyorkmultifamily.com/behindthebricks

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In today's episode we sit with Francis Greenburger, Founder and CEO of Time Equities Inc. (TEI). Since its founding in 1966, TEI has amassed approximately 31 million SF of CRE, across 30 states and 5 countries. He also has many other notable successes outside of real estate as literary agent, author, philanthropist, and founder of the Greenburger Center for Social and Criminal Justice.

Francis' background story and his rise to success is truly noteworthy. Filled with heartbreak, perseverance, ambition, creativity, and giving, it's a true American Entrepreneurial story. Francis also brings years of perspective about the intersection of politics and business, which is meaningful in our current environment.

In our conversation, we cover a wide range of topics from his personal and business life, and how Francis has often found a way to transform obstacles into opportunity. You can find out more about this in his book titled "Risk Game" which was published in 2016.

I hope you enjoy this episode as much as I did…

For more information visit: www.behindthebricks.com

Welcome to part 2 of this special series where we take a deep dive into the recent changes made to the rent laws in New York. In many ways the new laws have radically transformed how business is conducted and the quality of housing. In the previous episode we heard the perspectives of two owners — (If you didn't have a chance to listen that one, you can go back to hear their thoughts)…

In Pt.2 of this series, I am joined by my partners Joe Koicim, Shaun Riney and Seth Glasser who will provide insight from "inside" the industry. We discuss how the laws may impact the market, pricing, and share other anecdotes from owners and operators who are adjusting to the changes.

As we conclude our 2-part series on these new laws I hope you enjoy these episodes and find them informative. …now let's go…

For more visit: www.behindthebricks.com

Here are some info links on the rent laws:

https://www.wsj.com/articles/new-york-landlords-in-a-financial-bind-from-new-rent-law-11561201200

https://commercialobserver.com/2019/06/new-york-rent-reform-law-breakdown/

In this special 2-part series, we take a deep dive into the recent changes made to rent laws in New York. For many investors and owners of rent regulated units, these new laws radically transform the business and how it's conducted. Many investors are asking questions about how to move forward now that the laws have been passed.

For Pt.1 of this series, we will hear the perspectives from two investors who own and manage several thousand NYC units. Robert Nelson and Chris DeAngelis. Robert is the founder of Nelson Management Group, and Chris, President and Founder of TriArch Management Inc.

The act that was passed was over 74 pages so hopefully this episode will educate you on the current situation. For our listeners from outside New York City, you will understand why there is the phrase "if you can make it here, you can make it anywhere"… Hope you enjoy this informative episode of Behind The Bricks.

For more visit: www.behindthebricks.com

Here are some additional links on the rent laws:

https://www.wsj.com/articles/new-york-landlords-in-a-financial-bind-from-new-rent-law-11561201200

https://commercialobserver.com/2019/06/its-the-end-of-the-world-as-we-know-it/

To get yourself in shape for the approaching summer, today we hear from John Romaniello. John is the author of the bestselling book "Man 2.0; Engineering the Alpha: A Real World Guide to an Unreal Life: Build More Muscle. Burn More Fat. Have More Sex." That is a great marketing title and is attention grabbing, but the content has a lot more to do with high performance and living into the best version of yourself.

He has personally advised or trained people like Gary V, Arnold Schwarzenegger, and has written for Men's Health, Fast Company, The New York Times, and more. He has also appeared on ABC and Good Morning America, and his research and discoveries have helped high performers in many industries.

Enjoy this summertime topic. The show is packed with great content and will change the way you think about food and exercise. This episode will surely give you an edge on the competition....

For more information visit www.behindthebricks.com