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Thursday, May 17, 2018

Supervisor questions real estate firm’s credibility as tenants call for investigation into 'corporate landlords' - by l_waxmann - May 16, 2018 - The San Francisco Examiner

Supervisor questions real estate firm’s credibility as tenants call for investigation into 'corporate landlords' - by l_waxmann - May 16, 2018 - The San Francisco Examiner: A San Francisco supervisor questioned the credibility of one of The city’s largest commercial real estate firms at a hearing Wednesday sparked by allegations of health and safety violations and targeted displacement of rent-controlled tenants at properties owned by the firm.

Justin Sato, chief operating officer of Veritas Investments, a private firm with a portfolio of over 250 rent-controlled buildings throughout the City, told the Board of Supervisors Public Safety and Neighborhood Services Committee that any displacement of tenants was due to “natural attrition.”