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Owner Of Brightwood Building With Tenants On Rent Strike Retains Broker To Sell Property

The owner of a decrepit apartment building in Brightwood Park, Michael Lesesne, has listed the property for sale shortly after tenants started a rent strike to protest what they’ve said are unlivable conditions.

The rent strike started on October 1, and tenants held a rally in support of the strike earlier this month. At the rally, residents described living with bedbugs, cockroaches, and rats; swollen, leaking ceilings; and persistent, widespread mold growth in their units. Instead of paying rent to their landlord, tenants in 16 of the building’s 24 units have begun depositing their rent payments into an escrow account managed by the Latino Economic Development Center, an advocacy organization that has helped tenants organize other rent strikes in D.C.

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded i­n 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.