>>“They’re not a charity,” said Dave Bragg, a real estate analyst at Green Street Advisors. “They’re one of the savviest dealmakers in all of real estate. It’s interesting to see that they think they’ve got a great deal, while the city is celebrating this as a great deal for affordable housing.”
Mr. Bragg expects that Blackstone will seek to cut managerial expenses. And with a seemingly unquenchable thirst for housing, rents are destined to rise for more than 50 percent of the apartments that are already going for market rents, at $4,000 to $7,000 a month.<<
The possibility of something like this NEEDS TO BE SETTLED AT THE BARUCH MEETING.
All of us tenants need to fight for our neighbors, every legitimate long-term renter in this community!