A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse.
World News Bloomberg Aug 3, 2026
Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse.
