Phyllis Weisberg Quoted in New York Times Real Estate Cover Story
Phyllis H. Weisberg, co-leader of Armstrong Teasdale’s Cooperative and Condominium Law practice, is quoted in a New York Times article covering a shift in the industry as new, younger shareholders are increasingly interested in joining their co-op boards. The story profiles five new members of their respective co-ops’ boards and the lessons they’ve learned in the process. “So You Want to Join Your Co-op Board?” will also be featured on the cover of the Real Estate section in the Sunday, Jan. 5, print edition and addresses, among other issues, the level of training and knowledge necessary for co-op board members to effectively make decisions. According to the article, co-op board members tend to skew older than the rest of the building’s shareholders because of the time commitment involved, and the five individuals profiled represent younger board members.
Weisberg is quoted saying that some of the training necessary for being an effective board member can happen on the job, and newer residents may bring expertise in fields such as law, engineering or finance.
To help educate board members, the firm hosts a regular event series, AT Academy, highlighting best practices and valuable lessons for co-op and condo board members. The next session, “How to Run an Annual Meeting,” will take place on Thursday, Feb. 6, in the firm’s New York office.