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The “Renoviction” Game Destroying Our Neighbors’ Lives: Ernest Rady & American Assets Trust as a Case Study

An image of a yellowed, faded news clipping from the LA Times. The article features a black and white image of a man in a tank top with shades at his door. There is a handwritten sign on the door reading -Notice- WARNING: LESTER FINKELSTEIN HAS DIED ANYONE ENTERING THIS APT WITHOUT MY EXPRESS WRITTEN PERMISSION IS BREAKING THE LAW & WILL BE SUED FOR TRESPASS & ILLEGAL ENTRY.

On September 17, 1990, the Los Angeles Times printed an article about American Assets Trust’s acquisition of the Loma Palisades apartment complex that July. Although American Assets Trust was owned by famed philanthropist Ernest Rady, the company immediately increased the… Continue Reading