Apartment Complexes and the Business Model That Perpetuates the Problem

Three fourths of the region's most dangerous apartments belonged to private equity firms or other absentee investors under whom crime and squalor are not so much bad fortune as collateral damage from a widely followed business model. These owners typically come in and immediately raise rents, perform merely cosmetic renovations and limit spending on security and maintenance. A hundred and 62 complex is accounted for one of every five homicides in metro atlanta in recent years. More than 13 thousand school aged children live in a hundred forty four of the complexes in atlanta. The complexes are overwhelmingly occupied by people of co 97 % of the properties identified as the most dangerous have a majority non white population.