Unlocking Value: Converting Distressed Office into Multifamily & Hospitality


Details
What if you could turn struggling office towers into cash-flowing, Class-A assets?
At this month’s meetup, we’re diving deep into the world of adaptive reuse—how one company is unlocking 30%+ IRRs by converting distressed office buildings into top-performing multifamily and hospitality properties.
Join Jake Krassner of LEFT LANE for a behind-the-scenes look at real projects in Phoenix, Savannah, Pittsburgh, and more.
He’ll walk us through:
✅ How tax credits are driving returns
✅ What to look for in adaptive reuse opportunities
✅ How federal RRIF loans can reduce equity requirements and boost returns
✅ Lessons learned from over $10B in development experience
About the speaker:
Jake Krassner is VP/Controller at LEFT LANE, where he leads accounting and finance operations across the company’s high-impact portfolio. Prior to that, he oversaw development accounting for Brookfield Asset Management’s 7M square foot Manhattan West project. Jake has helped manage more than 15 million square feet and $10 billion worth of developments across NYC, LA, DC, and Houston.
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Hosted by Matt Picheny, general partner in over 4,750 units and founder of Scaling Up With Syndication.
These monthly events are built to help real estate investors scale with clarity, connection, and action.
✅ Free to attend
✅ Great people, no pitch fest
✅ Full bar and food available
Bring your questions—and your business cards.
Come build your network, sharpen your strategy, and grow your portfolio.

Unlocking Value: Converting Distressed Office into Multifamily & Hospitality