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At a 25% discounted price the sale of all units would have grossed $187.79 million, which still would not have covered the loans. [6] In June 2012 Northwood Ravin announced that the 391 unsold condos would be converted into apartments. The apartments range in size from studios to three-bedroom penthouses. The initial rent range was $1,300 to ...
Marshall had hoped to provide low cost housing but land acquisition and construction cost overruns pushed the rent into the moderate range. [3] By 1991, the apartments had deteriorated, and were sold to private investors in 1992 [4] with a clause that specified that they would remain available only to low income tenants for 25 years. [5]
In other words, if a person makes $40,000 a year, they should look for an apartment that costs no more than $1,000 a month,” he said. “By following this rule, renters can help ensure that they ...
The definition of affordable housing may change depending on the country and context. For example, in Australia, the National Affordable Housing Summit Group developed their definition of affordable housing as housing that is "...reasonably adequate in standard and location for lower or middle income households and does not cost so much that a household is unlikely to be able to meet other ...
You will receive 2 Months Free and we will cover the cost of moving and packing. OPTION 2: TEMPORARY TRANSFER - You may temporarily transfer to another unit for the 60-day construction period.
An ownership share in a 200-unit apartment community. You benefit from an economy of scale, better cash flow, accelerated real estate depreciation , and higher barriers to entry, keeping returns high.