Sentinel feels burn of NY Rent Control Regulations, shifts investments to abroad, NorCal and Texas

  • 3/21/2024

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Sentinel Real Estate owns approximately 27,000 apartments, mostly located within the US, along with additional properties in Germany, the Netherlands, and Australia. In Oct'23, the NYCRGB adopted new rules that severely limited rent increases causing property values to plummet. Ultimately forcing Sentinel to offload its NYC holdings at a discount and is instead focusing on investments in Australia, Northern California, and Texas.

Sentinel Real Estate Corporation
Alan Greenberg | First Vice President-Residential

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