[quote=CA renter]I don’t think these investors really understand what they’re getting into. [/quote]
Yes they do. For the bigger funds, it’s a distributed apartment complex that will be managed by a subsidiary that will be indistinguishable from the IAC arm of the Irvine Company.
Or the smaller ones, a cut-rate West Side Rental churn and burn.
And what that really means is that sans a significant vacancy problem, renters will see severe upside pressure in rents and churn.
