S2 E5: Inside The Private Equity Deal-Machine That’s Buying Apartments
The Closer: Deals Change the World
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Introduction
In 2015 the building was bought for $1.25 million by an individual who works in insurance. The buyer wasn't just another individual landlord, it was one of the biggest names in finance. In a real estate class most big players have shied away from small rental buildings in Brooklyn. It is a bet that the housing market in big cities like New York is going to stay as punishingly expensive with limited supply and overwhelming demand.
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