1) They own the land around the stations and can develop it & charge rent from office, retail tenants. http://money.cnn.com/2015/03/30/news/hong-kong-mtr-subway-property/ …https://twitter.com/kelp/status/791091765298073600 …
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Replying to @kimmaicutler
2) BART can't do this bc tiny CA suburbs can override them and demand single-family houses near transit stations.
http://www.bizjournals.com/sanfrancisco/news/2016/08/25/peninsula-structures-san-mateo-essex-transit-bart.html …1 reply 11 retweets 31 likes -
Replying to @kimmaicutler
Walter Thompson Retweeted Essex Property Trust
Weirdly, this promoted tweet was immediately below yours.https://twitter.com/EssexProperties/status/788123924894625792 …
Walter Thompson added,
1 reply 0 retweets 2 likes
Replying to @YourProtagonist
@EssexProperties ehh
6:52 PM - 25 Oct 2016
0 replies
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