Elderly renters caught up in ‘rampaging’ real estate markets

MINNEAPOLIS: Six elderly renters are caught up in the sale of their apartment block.

The owner has given the occupiers 90 days to move out.

The building has been sold to a luxury apartment developer.

The current assisted living operator claims financial losses stemming from issues like maintenance, upkeep of the building and a “fixed-fee structure” that would not support the costs.

The matter now looks set for a long term run in the legal system…

Full story covered in the Seniors Housing & Healthcare Trends.

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