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US billionaires paid lower tax rate than working class in 2018
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<blockquote data-quote="ThatRobGuy" data-source="post: 74383843" data-attributes="member: 123415"><p>Actually, these LLCs are typically child business entities that are owned by large corporations and investment firms, and they use surplus cash from the increased rent to edify the parent corporation, or in the case of investment firms, increase share values for the shareholders.</p><p></p><p>The reason why the leverage an LLC is so that if, the operation goes belly up, they can walk away from it and the parent company's assets can't be touched.</p><p></p><p>...but if you're looking for just the names of some people</p><p>CEO's of any of these companies would be a good start</p><p><a href="https://www.propertymanagerinsider.com/the-10-largest-apartment-management-companies/" target="_blank">https://www.propertymanagerinsider.com/the-10-largest-apartment-management-companies/</a></p><p></p><p>If you go to the "investment" pages of any of their websites, you'll see a reoccurring theme. They all mention "value-add" as a core strategy.</p><p></p><p>They all describe it in a slightly different way that sugar-coats the process...</p><p></p><p>However, in plain real-estate investment terms, the definition is:</p><p>'Projects that aim at repositioning a property to a higher price point, resulting in increased net operating income (NOI).'</p><p></p><p></p><p>GreyStar, the largest company on that list doesn't even sugar coat it all that well</p><p></p><p>Here's how they word it:</p><p><em>Greystar focuses on well-located apartment communities that exhibit significant value-add potential. Greystar value-add vehicles invest in markets with strong fundamentals where high barriers-to-entry limit supply. These strategies seek to provide investors with the opportunity to participate in significant value creation through strategic capital improvements and operational upside.</em></p><p></p><p>That's the nice way of putting it...</p><p></p><p>What that's actually saying is "We buy an apartment complexes that currently charge $800, and over a relatively short period of time, will increase it to $1000, and due to the limited supply of apartments in this area (IE: no other vacancies, no where else available to move to), the tenants will have no choice but to suck it up because there's no where else available for them to move...</p><p></p><p>They're basically capitlizing on the fact that apartments are in short supply in many areas, so they buy it, put some relatively modest upgrades in, in order to justify jacking up the price, then the tenants who are there have no choice but to suck it up because there's nowhere else to go.</p></blockquote><p></p>
[QUOTE="ThatRobGuy, post: 74383843, member: 123415"] Actually, these LLCs are typically child business entities that are owned by large corporations and investment firms, and they use surplus cash from the increased rent to edify the parent corporation, or in the case of investment firms, increase share values for the shareholders. The reason why the leverage an LLC is so that if, the operation goes belly up, they can walk away from it and the parent company's assets can't be touched. ...but if you're looking for just the names of some people CEO's of any of these companies would be a good start [URL]https://www.propertymanagerinsider.com/the-10-largest-apartment-management-companies/[/URL] If you go to the "investment" pages of any of their websites, you'll see a reoccurring theme. They all mention "value-add" as a core strategy. They all describe it in a slightly different way that sugar-coats the process... However, in plain real-estate investment terms, the definition is: 'Projects that aim at repositioning a property to a higher price point, resulting in increased net operating income (NOI).' GreyStar, the largest company on that list doesn't even sugar coat it all that well Here's how they word it: [I]Greystar focuses on well-located apartment communities that exhibit significant value-add potential. Greystar value-add vehicles invest in markets with strong fundamentals where high barriers-to-entry limit supply. These strategies seek to provide investors with the opportunity to participate in significant value creation through strategic capital improvements and operational upside.[/I] That's the nice way of putting it... What that's actually saying is "We buy an apartment complexes that currently charge $800, and over a relatively short period of time, will increase it to $1000, and due to the limited supply of apartments in this area (IE: no other vacancies, no where else available to move to), the tenants will have no choice but to suck it up because there's no where else available for them to move... They're basically capitlizing on the fact that apartments are in short supply in many areas, so they buy it, put some relatively modest upgrades in, in order to justify jacking up the price, then the tenants who are there have no choice but to suck it up because there's nowhere else to go. [/QUOTE]
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