Many of New York’s real estate leaders are unified in trying to prevent self-described democratic socialist Zohran Mamdani from becoming the city’s mayor.
Mamdani, the Democrat nominee for November’s election, has promised such things as tripling the city’s production of permanently affordable, union-built, rent-stabilized homes and freezing rent for all stabilized tenants.
Mamdani’s primary victory was a “crushing defeat” for the real estate industry and “dooms struggling rent-stabilized buildings,” according to the trade publication The Real Deal.
Infinite Global Real Estate Partners CEO Marty Burger has suggested that peers donate $25,000 each to New Yorkers for a Better Future or another super PAC with the goal of stopping the New York assemblyman from becoming mayor, The New York Times reported.
“Our goal is anybody but Mamdani,” Burger wrote in a recent email, the Times added.
Burger’s PAC will support Mamdani’s rivals, finance potential ad campaigns attacking the Uganda native, and work to register and turn out thousands of normally reticent voters on Election Day.
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Author: Dillon B
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