 |
New York City Multifamily PodcastAuthor: Joe Koicim, Shaun Riney, and Seth Glasser
The leaders of New Yorks #1 mid-market multifamily sales team, Joe Koicim, Shaun Riney, and Seth Glasser discuss the state of the market. We explore topics such as: who is buying and selling, the obstacles impacting transactions such as legislation and compliance, and where we see the best opportunities in the market. Language: en-us Contact email: Get it Feed URL: Get it iTunes ID: Get it |
Listen Now...
Episode 61: Navigating Chaos & Leveraging Bankruptcy Tools with Leo Jacobs
Episode 61
Wednesday, 4 February, 2026
Shaun Riney and Seth Glasser sit down with Leo Jacobs, a nationally recognized restructuring and business litigation attorney. Leo breaks down what the landmark Pinnacle portfolio bankruptcy auction really means for rent-regulated assets and the broader market.Drawing on his deep experience mediating between borrowers and lenders, Leo explains why bankruptcy isn’t a dirty word—it’s a strategic tool to right-size debt, buy time, and reset capital stacks when traditional negotiating fails. He digs into:Why the Mamdani administration’s attempt to condition the Pinnacle sale around repairs was unlikely under federal lawHow lenders and owners rethink leverage when values fall and debt overwhelms assetsThe psychological and tactical realities of navigating distress, including when to restructure, when to walk away, and how to work with lenders during volatile marketsThis episode gives investors and operators a grounded look at the changing landscape of multifamily distress and how to make sense of it with clarity and strategy.Get the latest updates on Instagram: https://www.instagram.com/newyorkmultifamily https://www.newyorkmultifamily.comReach out to us at: seth.glasser@marcusmillichap.com
