2023-01-13T23:00:04Z
Boardwalks takeover of a privately owned complex in Vista Heights caused immense damage to the community as it rapidly declined in quality Funded by Real Estate Investment Trust Managers REITS the primary goal of Boardwalk is to generate an attractive return for their shareholders This has enabled them to dominate the multifamily real estate market and force 2023-01-13T23:00:04Z
Boardwalks takeover of a privately owned complex in Vista Heights caused immense damage to the community as it rapidly declined in quality Funded by Real Estate Investment Trust Managers REITS the primary goal of Boardwalk is to generate an attractive return for their shareholders This has enabled them to dominate the multifamily real estate market and force out responsible private ownership People living in a Boardwalkoccupied area are facing serious issues rents are raised undesirable tenants are moved in through secret contracts with local agencies and tax dollars subsidize these increased costs Despite their mission statement claiming exceptional service and real sense of belonging residents living at Boardwalk Apartments feel unsafe leaving their homes due to frequent terrorizing from bad tenants Management denies any problems while simultaneously allowing terrible repair work on units and delinquent gangs taking over the complex grounds leading many to believe they must be trained liars Photos taken thirty years ago show how nice it once was however now it is often a mess due to refugees occupying many units with kids running around unsupervised throwing garbage all over the place Security is practically nonexistent which attracts skunks and other animals who feast on slop left on the ground daily As a result of all this negative publicity Boardwalk has started making some improvements but eviction remains rare due to city agreements that repair damage when they move out rather than punishing those causing problems within communities more ... hide ...