Apartment Look

Mainstreet Equity (OTC:OTC:MEQYF) is an under-the-radar residential apartment owner/operator in Western Canada . Despite a market cap of $325m (all figures Canadian ), it often sees volume of less than 1000 shares a day on the TSX where it trades under the MEQ ticker. The recent investor presentation (July 2017) gives a brief snapshot of the properties Mainstreet controls . It's important to note that Mainstreet is well away from the frothier markets in Canadian real estate , both geographically and in terms of price point. The average apartment it owns is valued at just marginally more than $100k with an average monthly rent of just $864. These are solidly middle class , leaning lower middle class , properties. The company is focused on rolling up what they view as smaller, underperforming buildings, often ones that have fallen into significant disrepair, are being managed by inexperienced and/or unprofessional owners, and giving them a makeover, with some recent examples fr...

08/25/2017 08:02 AM EDT By Rebecca Morin ( rmorin@politico.com ; @RebeccaMorin_) and Charlie Mahtesian ( cmahtesian@politico.com ; @PoliticoCharlie) TGIF, MASSACHUSETTS. Mostly cloudy with a high of 73 today. Story Continued Below I'm Rebecca Morin and I'm filling in along with Charlie Mahtesian this week while Lauren is on vacation in Minnesota. This is our last day, but Lauren will be back Sept. 5. WARREN'S NEXT TOWN HALL: Sen. Elizabeth Warren is heading to Rep. Niki Tsongas' district on Friday for a town hall in Concord, her 13th town hall of the year. The 3rd District isn ’t exactly Warren Country: The senator lost the district narrowly in 2012, Gov. Charlie Baker carried it in 2014 and so did Republican Senate candidate Gabriel Gomez in 2013. It's home to a rare open- seat congressional race in 2018, now that Tsongas has announced she will not seek reelection. Tsongas and Warren are allies: Tsongas was the first major political player to endorse Warre...

The city of East Palo Alto , a wedge of modest houses and light industrial sites in the heart of Silicon Valley , has been passed by in the great tech boom . A historically black area , it has seen a big Hispanic influx in the past two decades, with more than three out of four residents now coming from one of those two groups. It is still living down its reputation, gained a quarter of a century ago, as the murder capital of the US: one out of every 571 of its residents was the victim of a homicide in a single year. Things have improved since then. But over the same period, it has become the poor neighbour to some of the world's richest companies. In one of the ultimate signs of the divide between the haves and have-nots of the western US, the municipal government of East Palo Alto didn 't own the rights to draw more from the state's water reserves, which it would need in order to grow. In June this year, it took a gift of cash, from the private foundation set up by Mar...

“Colorado residents fed up with what they see as the state’s failure to protect people and the environment are fighting fossil- fuel development inside their towns by making new rules requiring odor control , bigger setbacks and company disclosure of underground oil and gas flowlines,” reports The Denver Post . “But the industry and state government are ready to fight back. An odor- control measure in Erie, letting police hit companies with tickets for foul fumes, takes effect next week. Erie, Broomfield, Thornton and Lafayette are each developing map submission rules , with leaders saying the fatal April 17 house explosion in Firestone makes this a no-brainer. Broomfield residents also will vote on whether to change their charter to require protection of health, safety and the environment as preconditions before drilling inside city limits can be done.” “At the urging of Councilwoman Polly Christensen , Longmont has posted a link on its city government home page to the City Co...