Powerful NYC Landlords Secretly Met With Affordable Housing Advocates To Seek Rent Reform Compromise

Facing the prospect of state legislation that could dramatically alter the landscape of rent regulation, a trio of prominent and deep-pocketed New York City real estate companies – Blackstone Group, A&E Real Estate Holdings and Taconic Investment Partners – met privately several months ago with a group representing the interests of the affordable housing industry to explore a potential compromise that would add protections for tenants but allow for financial incentives to maintain their buildings.