Friday, November 7, 2008

La Casita Apartment Takeover: How Does This Happen?

Late last night city officials were able to get an emergency court order allowing a trustee to take over the La Casita Apartments at 313 Sunnyside near Northline. And MGC Mortgage, the company left holding onto the foreclosed property, has “transferred oversight” of the 600-unit complex behind Gallery Furniture to a new management company. The agreements, along with other interventions by the city, mean the more than 1,000 residents of the all-bills-paid apartments will not be evicted, have their water or electricity shut off, or lose credit for the monthly rent they just paid:

Residents of the La Casita Apartments already felt neglected by managers who let buildings run down, even before Hurricane Ike broke windows and tore patches off roofs. But instead of starting on repairs to make the apartments livable after the storm, management skipped town, keeping the rent money and leaving the bills unpaid.

The apparent owner of La Casita is an Indiana company named Briarwood Houston LP. The complex failed a Houston Housing Authority inspection last month. Police officials are investigating the management company’s handling of the payments.

Read more about: , , , , ,

One Comment

  1. 1
    From Matt:

    It’s important to note that La Casita, at least as of yesterday, is a member of Houston Apartment Association.

    So much for the standards of Houston Apartment Association and its members.

Add Your Comment About This Post

If you have a comment about the story on this page, enter it below. To submit a tip to Swamplot privately on any topic, send an email to the Swamplot tip line.

Your email address will not be published.

(required)
(required)