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Marc Rowan Plans to Be the CEO Who Keeps Apollo Above the Fray

Marc Rowan Plans to Be the CEO Who Keeps Apollo Above the Fray
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Marc Rowan Plans to Be the CEO Who Keeps Apollo Above the Fray

Marc Rowan Plans to Be the CEO Who Keeps Apollo Above the Fray
themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.

Opinion: Blackstone s purchase of 5,800 San Diego apartments raises concerns for already-dire housing crisis

Print The editorial board operates independently from the U-T newsroom but holds itself to similar ethical standards. We base our editorials and endorsements on reporting, interviews and rigorous debate, and strive for accuracy, fairness and civility in our section. Disagree? Let us know. The Conrad Prebys Foundation created by Prebys, a hugely successful developer and generous philanthropist who died in 2016 announced this week that it had sold 66 residential apartment complexes with 5,800 apartment units to New York-based Blackstone Group. Blackstone promised to keep most units affordable for those who make 80 percent or less of the region’s median income. But it’s tough not to be nervous about what comes next. Whether it’s vacation rentals or apartments, wealthy investors with no intention of ever living here see San Diego real estate as a money-making opportunity a hugely complicating factor in the ongoing push for more affordable housing.

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