Word: though
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Dates: during 2010-2019
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Those packaging these investments say they regarded them as aboveboard, though their defense is less than robust. Key players included leading banks in tandem with some of the biggest names in real estate and private equity, none of whom would have missed that high tenant turnover was the main motor for profits. "We truly went into this trying to turn housing that was run very, very poorly by slumlords into affordable working-class housing, and to be portrayed like this is somewhat upsetting, to be quite frank," says Richard Mack, who works at AREA Property Partners, a $9 billion partnership...
...though, many new owners have been unable to meet their overly ambitious rent roll increase targets, and many of these investments are in danger of buckling under the high debt servicing costs. Finance industry watch lists are already full of private-equity-financed deals in danger of default. That has local officials scrambling to find "preservation buyers" who are willing to take on these properties with the expectation of a more modest 7%-8% annual return...
...Even though the American dream is now generations old, “In the Heights” is emphatically contemporary. The musical genre is ostensibly hip-hop, but utilizes a variety of genres. The central character, Usnavi (Kyle Beltran), generally raps his longer monologues and soliloquies, and the cast dances to hip-hop, salsa, and whatever else suits the musical mood. At times there are touches of Paul Simon in the music, and in the dancing, moments of ballet...
...Though the individuals of the show are captivating by themselves, it is their place among the rest of the community that gives “In the Heights” its depth. The show’s competing voices blend beautifully into a wonderful and exciting production...
...Brown ended up winning with a solid 5-point margin, riding a late surge of support. Though he ran a largely upbeat campaign, the mood of the electorate was angry - as evidenced by extraordinarily heavy turnout for a special election. At times, his campaign sounded like an echo of the very themes that carried Obama to victory a little over a year ago. Brown had run against "business as usual" in Washington, and his supporters on Tuesday night chanted, "Yes we can." In case the point still wasn't clear, one of his supporters held a hand-lettered sign...