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Entries from Gothamist tagged with 'privateequityfirms'

May 9, 2008

As tenants and landlords await to see what the rent hikes for rent-stabilized apartments will be, the NY Times looks at a new breed landlords: Private equity firms that buy buildings with rent-regulated apartments. The strategy seems to be for the firms to "recapture" the rent-regulated apartments by somehow increasing the vacancy rate from the more typical 5% to 20-30%. And tenants' advocates indicate equity firms do that by making tenants' lives hell to the......

Continue Reading "Private Equity Firms Become Rent-Regulated Landlords, and Accusations of Harassment Fly"

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