When state legislators set out to change New York’s rent law, Two Trees Management was not concerned about its portfolio. The developer does not invest heavily in rent-stabilized properties. “We didn’t think that the changes initially would impact us,” said David Lombino, managing director of external affairs at Two Trees. “And I don’t think it was the intention of legislators to do so.” But when lawmakers eliminated high-rent decontrol in the Housing Stability and Tenant
source https://therealdeal.com/2020/06/17/rent-laws-unanswered-questions-vex-landlords-tenants/
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