Should be a gift link. Title sucks; he's not doing the gentrifying. I used the user discussion flair because I think that's more appropriate for this type of article…
housing in quickly gentrifying neighborhoods. That is, it buys the property but doesn't upgrade, and in fact lowers rents for residents. The company then provides a low (6% is given in the article) but (hopefully) stable return.
Seems like an interesting mix of market-based reform + social welfare to ensure people aren't priced out of their apartments.
Thoughts?
Posted by hypsignathus