The Aviana is up for sale. Our sources say Avalon Properties is about to buy the place. This is good and bad. The “good” is that they manage their own properties, so we can say goodbye to Joby and Co.
The “bad” is that they really jack up rents when they take over a property.
I’ll draft a letter to Avalon asking that they strongly consider unloading Riverstone as soon as possible. I’ll send it around via the Aviana Tenants email list for comments and suggestions. We’d like to send it tomorrow.