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In 2007, he sold 4,000 Mitchell-Lama apartments for $940 million to Urban American Management and its private equity partner, City Investment Fund. [4] In 2011, he sold the Lionel Hampton Houses in Harlem to real estate investor Israel Weinberger for $32.5 million. [4] In 2013, he made an unsuccessful bid for the Empire State Building. [6]
Another common rental property is a free-standing commercial building leased to a single tenant. These properties can range from a small retail property to a larger industrial or office building.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
Barrie is a city in Central Ontario, Canada, about 90 kilometres (56 mi) north of Toronto. The city is within Simcoe County and located along the shores of Kempenfelt Bay. Although it is physically in the county, Barrie is politically independent. The city is part of the extended urban area in southern Ontario known as the Greater Golden Horseshoe.
As an "upper tier" municipality, the County of Simcoe is responsible for municipal services which include social housing, land ambulance and emergency planning, environmental services (solid waste management), a County road system, Ontario Works, children's services, homes for the aged, a library co-operative, museum, archives, County forest ...
This page was last edited on 21 December 2011, at 09:18 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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