Prepare for Round 2…

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Dave

Dave is a part-time blogger that writes about whatever suits him at the time.

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4 Responses

  1. Avatar Saul DeGraw says:

    Isn’t Stuy Town a bit weird because it was a real estate complex developed by MetLife for their employees originally and became something else? It does not seem like a traditional real estate investment in many ways.Report

    • Avatar Chris says:

      It wasn’t developed for MetLife employees, but it was developed by MetLife.

      The only reason I know about the existence of Stuy Town is because it was the site of such a big, pre-Civil Rights Movement battle over discrimination in housing.Report

      • Avatar Dave says:

        Yes.

        If I recall, it was initially developed for returning soldiers and their families.

        While it’s a traditional real estate asset class, the size of the deal and the attention from the various interest groups makes it anything but traditional.Report

      • Avatar Kazzy says:

        Nowadays, it is where out-of-towners live.Report