Advocates Worry Blackstone Sale Will Take Affordable Housing Crisis From Bad to Worse
The planned sale of 66 apartment buildings to the New York-based Blackstone Group highlights both the vulnerability of naturally affordable housing and the lack of requirement for owners to notify local governments of plans to unload properties.
The Doriana Apartments in southeastern San Diego are among the apartment buildings being acquired by the Blackstone Group in a pending sale. / Photo by Adriana Heldiz
The Conrad Prebys Foundation, a charitable organization, shocked affordable housing advocates last week when it announced that it would sell 66 apartment buildings to a private equity firm.
Financial Advisers
J.P. Morgan Securities plc, which conducts its UK investment banking business as J.P. Morgan Cazenove ( J.P. Morgan Cazenove ), is authorised in the United Kingdom by the PRA and regulated by the PRA and the FCA. J.P. Morgan Cazenove is acting as financial adviser exclusively for RDI REIT and no one else in connection with the matters set out in this announcement and will not regard any other person as its client in relation to the Acquisition and will not be responsible to anyone other than RDI REIT for providing the protections afforded to clients of J.P. Morgan Cazenove or its affiliates, nor for providing advice in connection with the Acquisition or any matter referred to herein.
Monday briefing: MPs sound alarm on holidays abroad
The British government is expected to announce details of its traffic light travel rules ‘shortly’. Photograph: Alamy
All-party group warns over importing variants … Briton named among Israel festival dead … sexual exploitation of minors is ‘everywhere’, says Billie Eilish
by AlisonRourke
Mon 3 May 2021 01.26 EDT
Last modified on Mon 3 May 2021 01.32 EDT
Top story: ‘Reduce risk of third wave’
Good morning and welcome to this Monday briefing with me, Alison Rourke.
Don’t holiday abroad even when it’s legal to do so is the recommendation of the all-party parliamentary group on coronavirus. In a report out today, the group says the government “should discourage all international leisure travel to prevent the importation of new variants into the UK, in order to reduce the risk of a third wave and further lockdowns”. Ministers have confirmed that a traffic light system is to be put in place listing differ
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