Quote:
Originally Posted by Klazu
I can't believe it, but the rental tower may end up looking better than the condo towers. [...]
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In part, I suspect that this is because QualReal own the rental buildings (I am assuming), so they want to make sure they are getting a high(er) quality product that will attract and retain deep(er) pocketed tenants and remain attractive, low-maintenance, and profitable for decades to come. Should they ever wish to sell it as part of a portfolio rebalance, an attractive building will be worth more than an ugly one.
The condo buyers, meanwhile, get what they get.