* * * * *
                                        
              Who now owns the Facility in the Middle of Nowhere?
                                        
Back on June 2^nd the following was stuffed in the gateway of the Facility in
the Middle of Nowhere:

> SECURITY DEPOSIT TRANSFER NOTIFICATION
> 
> June 2, 2004
> 
> Dear Resident:
> 
> This letter is to notify you that the property commonly known as the
> Complex† has this date sold and transferred ownership to the Complex.
> 
> † name of the devlopment has been changed
> 

Well, it was nice to know that the community just sold itself to itself. Or
something like that. Also, for the past few days one of the units near-by has
been on the receiving end of a “renovation,” which seems to currently consist
of everything that isn't a load bearing wall being torn out, rather loudly as
the case may be.

[This is NOT our court yard] [1] [2] [The Crane of DOOM^H^H^H^HRenovation!]
[3] [4] 

Then today, the following was found in the gateway of the Facility in the
Middle of Nowhere:

> Dear Development In Boca West Residents,
> 
> XXXXXXXXXXXXXXXXXXXXXX, Inc., owner and operator of over 30,000 apartment
> units, has just purchased the Complex Apartments. Over the coming months
> you will notice many new and exciting improvements being made, including:
> 
> * Changing the name to XXXXXXXXXXX Luxury Townhomes…
> * Upgrading the pool into a resort style area with tiki bar [5] and shade
>   pavilion…
> * Completely remodeling each townhome, as they become available, by
>   installing all new flooring, cabinets, counters, appliances, closet
>   doors, light fixtures, faucets, sinks, lights, fans and switches. The
>   interiors will be freshly painted over knockdown wall finish.
> 
> We will be selling the newly remodeled luxury townhomes… If you are not
> interested in buying, but still want to live here, rest assured that your
> existing lease does not change. You may stay throughout the remaining term
> of your lease, and you may be able to remain in your apartment thereafter
> on a month-to-month basis.
> 

Nice to know they won't immediately kick us out of the Facility in the Middle
of Nowhere.

I suspect what's happening is that the rental market is drying up as interest
rates remain low and everybody who can are buying homes; the fact that our
rent remained the same when renewing leads me to believe this.

Then we received the following in the mail (also today, but sent on the
1^st):

> Dear Tenant:
> 
> With reference to your lease of space in the Complex, please be advised
> that XXXXXXXXXXXX LLC (Limited Liability Company), a Colorado limited
> liability company has, as of June 1, 2004, sold, transferred and assigned
> the Complex and your lease to XXXXXXXXXXXXXXXXXXXXXXX LLC, a Delaware
> limited liability company ("Purchaser").
> 
> Please be further advised that the security deposit under your lease and
> the accrued interest thereon, if any, have been turned over to Purchaser,
> whose address is XXXXXXXXXXXXXXXXXXXXXXXXXXXX, Des Moines, Iowa 50309.
> 

I just love that property in Florida owned by a company in Colorado was sold
to a company in Delaware whose bank is in Iowa, just driving a point I hold
dear that individual ownership is merely a fiction nowadays, or perhaps a
quaint idea of the old fasioned.

But that's a rant for another day.

[1] gopher://gopher.conman.org/IPhlog:2004/06/08/thumb.work.1.jpg
[2] gopher://gopher.conman.org/IPhlog:2004/06/08/work.1.jpg
[3] gopher://gopher.conman.org/IPhlog:2004/06/08/thumb.work.2.jpg
[4] gopher://gopher.conman.org/IPhlog:2004/06/08/work.2.jpg
[5] http://www.spaceagecity.com/tiki/oldtikigallery/gallery.htm

Email Sean Conner at sean@conman.org

.