Sam Zell’s Equity Residential said rent control is having a “chilling effect” on capital going into development during its third quarter earnings call. The real estate investment trust, which owns 80,000 units nationwide, saw its total revenue from rental income and fee and asset management increase to $685 million in the third quarter, from $652 million a year earlier. But on Wednesday’s earnings call, executives pointed to how the recent overhaul of rent laws in
source https://therealdeal.com/national/2019/10/23/equity-residential-decries-rent-controls-chilling-effect-on-development-on-q3-earnings-call/
No comments:
Post a Comment