画像の出所：https://labusinessjournal.com/featured/protest-movement-universe-holdings-sells-local-assets/
Universe Holdings, a Los Angeles-based real estate company, has recently sold off its local assets in response to ongoing protests against its business practices. The decision comes as a result of mounting pressure from the protest movement urging the company to divest from properties in low-income communities.
The protests, organized by community activists and local residents, have brought attention to Universe Holdings’ alleged exploitation of tenants and lack of investment in upkeep and maintenance of their properties. The company has been accused of raising rents without improving living conditions, leading to widespread discontent among tenants.
In a statement released by Universe Holdings, the company expressed regret over the situation and emphasized its commitment to being a responsible and ethical developer. The sale of local assets is seen as a step towards addressing the concerns raised by the protest movement and improving the company’s reputation in the community.
While Universe Holdings has not disclosed the exact details of the sale, it is expected to have a significant impact on the company’s portfolio and future business strategies. The move highlights the power of grassroots activism in holding corporations accountable for their actions and advocating for change in the real estate industry.