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Landlord AvalonBay woos tenants by hiking rent concessions

Published Wed, Jul 27, 2016 · 09:50 PM
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San Francisco

APARTMENT landlord AvalonBay Communities Inc gave renters concessions worth US$300,000 in the second quarter, four times more than in the same period a year earlier, as enticements to sign leases.

The sweeteners, in the form of free months of rent, were greatest in New York, Northern California and New E…

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