This Week in Worker Conquests - The Stranger
The Stranger's labor news roundup.
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The Stranger's labor news roundup.
Some of the largest rental property owners in the nation have been named in a class-action lawsuit for price-fixing.
SEATTLE, WA - Security Properties purchased Toscana Apartments, a Class-A multifamily property located in Lacey, WA. Security Properties now owns 31 assets totaling over 6,800 units in the Puget Sound marketplace. Toscana is a Class-A, garden-style community that was delivered in two phases between 2019 and 2021. The asset consists of 393 apartment homes spread across 6 four-story and 5 three-story residential buildings and one two-story clubhouse. The unit mix features an attractive range of...
Plaintiffs argue student housing operators colluded on pricing in secret through the company's YieldStar platform.
SEATTLE, WA - A joint venture between Security Properties and STARS REI purchased 624 Yale, a trophy type-one midrise style multifamily property located in Seattle's South Lake Union neighborhood for $104,000,000. This will be the second asset for this partnership, following the acquisition of Augusta Apartments in the University of Washington's University District back in 2019. Security Properties now owns 113 assets totaling approximately 22,500 units across its portfolio. This includes 30...