Slumlord (Greenbrook / Carlyle) and PM (Freestone)
Pros
Nice apartment finishes
Cons
Quintessential value extracting PE backed owner looking to eliminate nearly all operating expenses while increasing gross rents by 8%+ on an annual basis (JV between The Carlyle Group and Greenbrook) $1,500 coned bills (tenant paid) Electric baseboard heaters 60 degree internal temperature in winter months Off-shore property management not responsive or helpful No cleaning or trash services Filthy common areas
Advice to the owners
Provide basic services and fix electric heating