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A&E Real Estate Closes On SL Green Purchase

A&E Real Estate Closes On SL Green Purchase
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New York City's Five Largest Rental Landlords

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Clockwise from left: Richard LeFrak, Related chairman Stephen Ross, A&E’s Douglas Eisenberg, Cammeby’s International Group founder Rubin Schron and Blackstone president Jonathan Gray (Getty, iStock)

While 2020 was a turbulent year for New York City, things have largely stayed the same for the city’s biggest rental landlords.
Policy changes in 2019 left New York’s multifamily players reeling, but the rental apartment sector experienced remarkably little distress compared to other sectors, like office or retail something that industry experts had predicted at the start of the pandemic.
“Read my lips: You are not going to see distress in multifamily,” Lightstone Group CEO David Lichtenstein said during a virtual panel in April. ....

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