As property prices plunge, major investment companies are taking advantage of the low prices by buying up previously expensive properties in city centers boosting their positions in the major city centers. As with Glory Capital, the company has purchased 7 metropolitan buildings in the Fort-Greene-Clinton Jill part of Brooklyn for $18.3 million dollars. The units have experienced a slump in rental which had them being put up for sale due to 60% rental rate drops. The move has investors in the housing and property industry moving into more active operator modes allowing them to capitalize on the current price slump.

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