Deep-pocketed investors have clearly been a boon for New York City developers, who have banked on them to buy up units in their projects. But those investors also pose a perplexing problem: No sponsor wants to turn away a serious buyer, but having too many investors is not good for a building, either. Beyond the risk of rowdy tenants and wear and tear (if units are rented out), a high percentage of investors can make […]
source https://therealdeal.com/issues_articles/investors-ghost-towers-new-york-city/#new_tab
No comments:
Post a Comment