EJS Equities LLC的动态

?? New York's newly enacted "Good Cause Eviction" law has sparked conversations across the real estate world. Here's what you need to know: This law limits rent increases and prevents evictions without "good cause." For landlords, annual rent hikes are capped at 8.82% or lower, depending on inflation. This provides predictability for tenants but could unintentionally push landlords to raise rents more aggressively year-to-year. While it’s a step towards rent stability, critics argue it resembles a softer form of rent control, which has historically affected property values and maintenance. Could this legislation help bridge landlord-tenant relationships, or will it deepen the housing market challenges? Only time will tell. Let’s discuss: Is this a win for tenants, or does it hurt the long-term health of the housing market? ???? #GoodCauseEviction #NewYorkRealEstate #RentControl #LandlordTenantLaw #RealEstateNews #PropertyInvesting #RentalMarket #HousingCrisis #LegislationMatters

Is NYC’s rent-regulated market hiding untapped opportunities? The Housing Stability and Tenant Protection Act of 2019 dragged down NYC’s rent-regulated market, with values plummeting 30-50%. Older buildings, burdened by high taxes, aging infrastructure and high capex needs, and capped rents, understandably justify these price cuts. But here is the twist: what about newer buildings with 421a or J51 tax abatements? These properties are dragged down with the broader market. Offer now higher cap rates 2-3% above market rent buildings, a healthy income-expense ratio and 7-10% cash-on-cash returns—all thanks to abatements reducing operating expenses, and no major capex needs. No endless headaches. And sometimes with a clear path to deregulation. Add upside potential like refinancing, regulatory easing, and cap rate compression, and these assets might become a risk-adjusted win in an uncertain market. ?? NYC’s multifamily market is always evolving. Are you ready to find the hidden gems? #RealEstateInvesting #Multifamily #NYCRealEstate #RealEstateOpportunities #CashFlow #InvestSmart #RealEstateInnovation #NewYorkCity #PrivateEquity

In a recent interview with Green Street News: Canada, our Chief Operating Officer, Glen Hirsh, shared his insights on the outlook for the multi-family market in 2025. In the conversation, Glen expressed optimism about the renewed and growing interest in purpose-built rental development. Canada continues to face a shortage of diverse housing options, and he emphasized that the involvement of multiple key players across the industry, is a positive dynamic in increasing the supply of rental homes. “I believe it’s a positive trend because it means that you have many players at the table, particularly condo developers, recognizing the urgent need for every type of housing across the country.” At Starlight Investments, we remain committed to creating vibrant communities by introducing more rental options for Canadians through our accelerated development goals. The article notes that against a challenging backdrop for developers, Starlight’s specialized focus on infill projects on its existing land puts the company in an optimal position to create new multi-family housing. “That is a real competitive advantage for Starlight. We also see an increase in construction costs like everybody does, but it helps that we’re focused on developing underutilized land that already exists in our portfolio.” https://lnkd.in/gBxSE7qn #CanadianRealEstate #RentalHousing #ThoughtLeadership #InvestWithImpact David Chalmers | Heather Kane | David Morrison | Federico Vaccaro | Michael Hanak | Gwen McGuire

An attention grabbing image. The immediate impression is such a small sliver of housing is going to institutional investors. I did some initial research and did find there is some evidence of impact on regional markets such as Atlanta Metropolitan area by institutional investors (citation below). I am currently thinking there is specific influence based on region, but not invasion everywhere. Tell me. Have you seen institutional investing impact in your area? what do you think? citation: An, B. Y. (2023). The Influence of Institutional Single-Family Rental Investors on Homeownership: Who Gets Targeted and Pushed Out of the Local Market? Journal of Planning Education and Research, 0(0). https://lnkd.in/eXMAEP5V

The Department of Justice is taking a bold step to reform real estate practices by advocating for the elimination of cooperative compensation. This initiative is designed to increase market transparency and competition, which could lead to reduced transaction costs and more affordable housing options. This change could significantly impact realtors and enhance consumer empowerment, potentially transforming the real estate landscape. Professionals across the industry, let's engage in a discussion on how these proposed changes might affect our practices and the market at large. #RealEstateReform #AffordableHousing #IndustryInnovation

A recent article in The Real Deal speculated that self styled progressive legislators (both at the NYC and NYS levels) might punish the real estate industry in response to the Trump election victory. They already passed the HSTPA, crippling multi family housing. They changed the rules on demolition, sub rehab and reconfiguration of regulated apartments, thereby stymying development and housing investment. They passed Good Cause Eviction, creating a new form of regulation forced upon free market units. They are threatening the Fare Act, which would irreparably injure the broker community. One mayoral candidate proposes, albeit illegally, to ban all Rent Guidelines Board rent increases. What additional “punishment” might be next? Perhaps public flogging? Sounds absurd, but this entire legislative framework is absurd in the face of a severe housing creation crisis. Belkin · Burden · Goldman, LLP #housing #legislation

In today's (10/8/2024) Crain's, an astonishing article: https://lnkd.in/eCHmMXKy The State legislature passed the HSTPA in 2019. The law wiped out most avenues of income generation in rent regulated properties: --luxury deregulation -- repealed. --statutory vacancy increase -- repealed. --apartment improvements increase -- slashed. --major capital improvements increase -- slashed. --coop/condo conversion -- rendered almost impossible. The result -- a 67% decline in value of rent regulated properties since the HSTPA. A disincentive to improve housing. A disincentive to place vacant units back in circulation. Housing production has cratered. As I've often said "Math doesn't lie." At some point the State legislature must recognize that it went much too far in 2019 and must restore some balance to the regulated housing market. Belkin · Burden · Goldman, LLP #rentregulation #housing

The recent investment exodus may reflect a temporary reaction. But housing economists often warn that rent restrictions can scare away developers and investors, choking off new supply and renovations and worsening affordability issues.? “In general, rent stabilization programs don’t end up helping the people that they are intended to help,” said?Lisa Sturtevant, chief economist at Bright MLS, a real estate technology company.?#rentcontrolLisa Sturtevant

?? With long-term rent settlements remaining a priority for housing providers seeking stability to invest in existing stock and deliver new homes, government decisions to cap or reduce social rents over the past 15 years have posed significant challenges. Now, with the Renters' Rights Bill introducing new complexities, understanding how to get rents right and secure the maximum regulated increases is more important than ever. We are delighted to be joined by Samantha Grix and Charlotte Greatorex from Devonshires, who will bring their expertise to this critical discussion. We hope you can join us for what promises to be a highly informative session, as we will cover: ?? Identifying the correct rent increase notices ?? Avoiding common errors in rent adjustments ?? The impact of the Renters' Rights Bill on statutory rent increases This session will equip housing professionals with the confidence to manage rent adjustments effectively, safeguard tenant rights, and ensure compliance in a dynamic regulatory environment. There is still time to register: https://lnkd.in/ethc3TVF #affordablehousing #rentincreases #RentersRightsBill #RentAdjustments #housingprofessionals

?? The Renters' Reform Bill: What You Need to Know ?? Here are some key updates that could impact landlords and tenants alike: ?? Abolition of Section 21 ‘No-Fault’ Evictions This will offer renters more security in their homes, allowing landlords to end tenancies only with legitimate reasons. ?? Strengthened Grounds for Repossession Landlords will now have clearer, streamlined grounds for repossession if they need to take back the property for sale or family use. ?? Introduction of a Property Ombudsman The new ombudsman service will address disputes without costly legal proceedings, offering a fair and accessible resolution path for both tenants and landlords. ?? Decent Homes Standard Private rental properties will now be expected to meet the Decent Homes Standard, meaning safer and more comfortable living conditions for tenants. #RentersReformBill #UKPropertyMarket #PropertyAdvice #TenantProtection #LandlordRights #UKHousing #MortgageExpert #PropertyInvestment #PropertyFinance #PropertyInvesting #PropertyInvestor #MortgageBroker #MortgageAdvisor #MortgageAdvice #PropertyDeveloper #PropertyDevelopers #PropertyDevelopment