Craziest story from an operations team.
This can be any property type although I’m assuming office, MF, and any senior housing will have the most wild stories. Craziest story I’ve ever heard was their Memory care resident got eaten by an alligator and a ton people in the community saw it.
Jesus H. Christ...do you expect someone to top that?
Read more I think I’ve seen some that beat it haha
Bed bug infestation at a SH facility. One lady ended up passing away due to complications allegedly caused by the bites. The coroner didn't come for a few days because of a federal holiday and backed up schedule. I heard a prop management staff side quit the month after that and now runs a pet grooming business lol
I've been attacked by crackheads and mentally ill tenants when touring MF/MHC. Love my sketchy high yield markets lol
A group of Eastern Europeans dressed like gypsies were living 16 people to a 1BR and sacrificed a goat on the patio in broad daylight.
A billionaire multifamily landlord who was a notable an OBG/YN in (south/east) Los Angeles had a loud mouth son.
Apparently he spent some time at the properties yapping his mouth at residents at gang infested communities.
It is suspected by the condition of his charred remains, that he was beaten to a pulp and his house was burned down while he was alive. The coroners office identified him by finding remnants of his teeth in the corner of his bedroom.
Source: Broker who sold the family the building in the 90s/early 2000s
Holy fuck this one is insane. They should make a movie about this.
Not going to top a memory care resident getting eaten, but had a full-on meth lab in a high-end MF property. Unit was down well over a year for remediation and to this day (multiple years later) still hasn't been re-let due to disclosure requirements.
Also had a major STD outbreak at a luxury independent-living facility. Rich seniors definitely love getting frisky.
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Large shopping complex was bought in a loan sale. Loans included the primary centre and a lot of smaller individual units on the street accessing the centre, this street is pretty sketchy. Several of the units had been let as ethnic food stores and the property managers hadn’t kept an eye on what was going on. When it came time to evict / negotiate terminations with the tenants so they could position the asset for sale, they found gangs were running brothels from the rooms above the stores and weren’t as receptive as expected to a large pay off to vacate.
This is another that could be a movie.
Lmao this was definitely in the Midlands in England
Different country, sounds like this has happened more than once!
Guy stopped paying rent on his small unit. Company does site tour, he's dead, melted into the couch, and he was so obese they had to crane the couch with him on it out of the complex.
Delete Delete Delete Delete
Not as crazy as those posted above: 6-storey retail/rental building a few months post-completion. Dude high on shrooms gets into the mech room and ends up flooding like 30% of floor area...on the 6th floor. Water damage all the way down into the groundfloor commercial tenant.
Not my story but a friend was interning in Texas and one of the female SVP's got walked in on sucking off an intern.
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