Ariel Property Advisors was pleased to host its Coffee and Cap Rates event on February 3. The virtual networking event featured a panel of some of New York’s most influential real estate executives to discuss the 2022 multifamily outlook from both a local and national perspective.
As with previous Coffee & Cap Rates, Ariel will be donating $5,000 to Legal Outreach, which will aid in helping young people from underserved New York communities gain admission to the country’s most competitive colleges and universities. Legal Outreach was also the recent winner of a $150k grant from Chick-Fil-A’s 2022 True Inspiration Award, which supports organizations doing impact work in their communities.
“I recognize that there are hundreds of organizations that you could support through the Coffee & Cap Rates event. For that reason, Ariel’s willingness to continuously support Legal Outreach both programmatically and financially keeps me humble and appreciative,” said James O’Neal, founder of Legal Outreach.
Shimon Shkury, President of Ariel Property Advisors, moderated the panel and began the event with a presentation on the New York City multifamily housing market in 2021, with a focus on three asset classes: affordable housing, luxury buildings and rent-stabilized housing. He also referenced the firm’s recent end of year reports and discussed the current lending environment, housing prices, cap rates and provided a watch list for 2022.
Panelist Robert Deckey, Managing Director, Invesco Real Estate, shed light on the neighborhoods and properties they currently favor, and how technology, ESG and environmental conservation can help drive consistent investment activity and ROI.
Panelist Brian Haber, Senior Vice President, PCCP, LLCC, spotlighted how the industrial market has seen rapid growth due to the e-commerce revolution, and how the pandemic has accelerated existing trends as consumer spending patterns have shifted.
Finally, panelist Sharif Mitchell, Operating Principal, Dantes Community Partners, shared his optimism and confidence in the multifamily market for 2022, and pointed out that upcoming decisions made by Mayor Eric Adams and Governor Kathy Hochul could have long-lasting effects on the industry moving forward.
The Coffee & Cap Rates series is a semi-annual program to share the latest trends in the investment sales and capital services markets with the industry. The next event will take place in July.
In addition, to learn more about the collaboration between Ariel Properties and Legal Outreach, as well as watch the full event, please visit https://arielpa.nyc/investor-relations/event/latest.
About Ariel Property Advisors
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.arielpa.nyc
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