Apartment owners sweeten deals for their tenants

11/2/2009 | Wall Street Journal, The

Faced with the growing challenge of hanging on to their tenants, multifamily landlords are offering rent reductions, flat-screen TVs and cash to persuade people stay in their current units. The relentless increase in unemployment is driving apartment dwellers to search out less expensive units, share space with roommates or move back home, all of which cuts cash flow for apartment landlords.

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Wall Street Journal, The

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