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Big article on the gentrification of #Parkdale in the Guardian. "Huge international real estate investment firms have embedded themselves in Parkdale’s urban fabric, buying dozens of apartment towers and thousands of rental units." /1
theguardian.com/cities/2020/ja…
theguardian.com/cities/2020/ja…
Giant corporate players include:
▪️ Starlight Investments, teaming with "Blackstone, an international private equity firm that the UN recently accused of “wreaking havoc” on the global affordable housing market with “aggressive evictions” of low and middle income tenants" /2
▪️ Starlight Investments, teaming with "Blackstone, an international private equity firm that the UN recently accused of “wreaking havoc” on the global affordable housing market with “aggressive evictions” of low and middle income tenants" /2
▪️ Akelius, a Swedish real estate company with some $8bn in global assets who "identify neighbourhoods adjacent to fully gentrified districts" and "and exploit the undercapitalization of its rental housing." /3
