Articles

The Probability Renters Will Keep Renting Hits Record High

The average renter thinks there is a three-in-five chance they will still be in the rental market in 2027, according to the New York Federal Reserve’s recently released 2024 SCE Housing Survey. Compared to last year, the probability of the average renter not becoming a homeowner in the next three years was up 4.3 percentage points, reaching its highest mark since the study began in 2015.

Current Reports

Small Multifamily Investment Trends Report Q2 2024

Small multifamily’s performance continues to conform to pre-pandemic norms typically seen before the historic boom years of 2021 and 2022. In the first quarter of 2024, cap rates and asset prices both improved quarter-over-quarter, Arbor’s Small Multifamily Investment Trends Report Q2 2024, developed in partnership with Chandan Economics, has found. The subsector’s fundamental strength will support steady growth amid tight credit conditions until interest rate relief invites increased investment activity.

Analysis

U.S. Multifamily Market Snapshot — May 2024

Key fundamentals of the U.S. multifamily remained strong to start 2024. Despite fears of oversupply, rent growth remained stable and vacancy rates remained near historical lows.

Articles

Arbor Marketing Campaign Wins Two Awards at Industry Gala

For more than 30 years, Arbor has been committed to building strong bonds with clients that lead to mutual success. This philosophy is at the heart of a unique Arbor marketing campaign, The Art of Growing Financial Partnerships, which received two awards at the 30th Annual Financial Communications Society (FCS) Portfolio Awards Gala in New York City on May 2. The campaign, which was featured in two private jet terminals, used original stained-glass pieces to build brand awareness among high-net-worth travelers.

Articles

Top SFR Annual Rent Growth Markets

Even as rents retreated elsewhere, single-family rentals (SFR) have continued to outperform all other housing sub-types, exceeding the all-property type national average in 17 consecutive months through February 2024, according to Zillow’s Observed Rent Index (ZORI). Annual SFR rent growth has seen substantial gains in many metropolitan areas since national rent growth peaked in March 2022. In this deep dive, the Chandan Economics and Arbor Realty Trust research teams pinpoint the metropolitan areas where SFR rents are rising the fastest.

Articles

Arbor’s New True Colors Show Our Creativity and Green Roots

For more than 30 years, Arbor has been committed to growing financial partnerships that meaningfully impact communities nationwide. From planting trees to celebrate closed loans to supporting environmental organizations, our work has always been a win-win for our financial partners and the planet. But just as leaves change with each passing season, Arbor’s branding is evolving to seize the moment by embracing our roots with True Colors.

General: 800.ARBOR.10

George J. Tsunis

Director
Headshot of George J. Tsunis, Director

Mr. George J. Tsunis is the Founder, Chairman and Chief Executive Officer of Chartwell Hotels as well as an attorney, developer, philanthropist and public policy advisor with a strong interest at the intersection of economic and foreign affairs.

Prior to founding Chartwell, Mr. Tsunis was a partner at the law firm of Rivkin Radler LLP, Long Island, NY’s largest law firm representing both private clients and municipalities in the practice areas of land use and zoning, real estate corporate law, municipal law and commercial litigation. Mr. Tsunis’ public service includes time as a Legislative Attorney at the New York City Council, Special Counsel to the Town of Huntington (NY) Environmental Open Space Committee and Counsel to the Dix Hills (NY) Water District.

Mr. Tsunis served as an advisor to the United States Senate Committee on Banking, Housing, and Urban Affairs, where he furthered the Committee’s legislative role of overseeing a diverse group of issues, including but not limited to, banking, insurance, financial markets, securities, housing, urban development and mass transit, international trade and finance, and economic policy.

Mr. Tsunis currently serves as Chairman of The Battery Park City Authority. The Battery Park City Authority is the state public benefit corporation that oversees Battery Park City, the 92-acre planned development on Manhattan’s lower west side. He was appointed to the board of The Battery Park City Authority by Governor Cuomo.

Mr. Tsunis is Director of the New York Convention Center’s (Jacob Javits Center) Operating Committee and Director of the New York Convention Center’s Development Committee.

Mr. Tsunis chairs the Nassau Health Care Corp., or NuHealth, the health system that operates Nassau University Medical Center, A. Holly Patterson Nursing Facility, NUMC Primary Care Clinic and co-operates six Long Island Federally Qualified Health Clinics located throughout Nassau County. It is the largest public hospital in Nassau County with a distinguished Burn Center.

Mr. Tsunis was a member of the Brookings Institution’s Foreign Policy Leadership Committee and its Metropolitan Studies Leadership Council as well as a member of the Business Executives for National Security’s Board of Trustees. He has also previously served on the Board of Trustees at Dowling College, the American Red Cross Suffolk County Chapter, the Huntington (NY) Chamber of Commerce/Committee on Good Government, the Education and Assistance Corporation and the Private Industry Council of Suffolk.

Mr. Tsunis received his Bachelor of Arts degree from New York University and his Juris Doctor from St. John’s University’s School of Law. He is married to his wife, Olga, and they live in Matinecock, NY, with their three children.

 

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