We had been in negotiation with the owners for nearly a year. And for a while it looked like it might not happen at all. Then a breakthrough. And now a month later we have the keys.
When the owners finally realized that they were having management issues they couldn't resolve they became more willing to negotiate.
Now comes the work. Many of the units have fallen into disrepair from lack of maintenance. We figure it will take us several months to get the buildings completely repaired and occupied.
By Christmas we expect to have another 100 residents at the property.
