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Metropolitan DC Local Politics
Reply to "First Johnson's, now Sullivan's! Who is the landlord behind this? "
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[quote=Anonymous][quote=Anonymous] As a partner and presence in the community, AU needs to stop treating their neighborhood real estate as just another portfolio asset where the sole investment driver is always the highest return. A reasonable return is important, yes, but as a nonprofit AU also needs to consider the needs of the community in which it is situated (including its students and faculty who are business patrons) and not take decisions that effectively drive out smaller, independent, neighborhood-serving businesses.[/quote] They cut a deal to keep Johnsons and Johnsons left anyhow. We have no idea if they raised the rent on Sullivans or not. Most likely, not. But again, you seem to have no issue telling other property owners how to handle their affairs. How about you put some money together and buy the property and then lease it however you wish?[/quote]
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