With much of the nation staying indoors, the home is now where everyone is.
For many, especially in New York and other big cities, that usually means a multifamily building rather than a single-family house. Apartment landlords and developers are facing new and unexpected challenges created by the coronavirus epidemic, like an increasing number of tenants struggling to pay the rent and others who cannot leave their homes.
Live at 5p.m. tonight, TRD reporter Georgia Kromrei will moderate a panel with three top multifamily owners and developers, where they will discuss the changes in the multifamily market and the impact coronavirus has on the present and the future.
She will be joined by David Lichtenstein, CEO of Lightstone Group, whose holdings include a multi-state portfolio of 11,000 residential units; David Schwartz, principal of Slate Property Group, which has purchased over $1 billion in real estate assets in the last five years; and Nathan Berman, founder of MetroLoft, which has converted over 3 million square feet of space from commercial to residential in Manhattan.