San Francisco high-rise apartment building NEMA loses half its value – $264MILLION – in the last five years
One of San Francisco’s largest apartment buildings has lost half its value in five years as the Bay Area has struggled with occupancy issues amid a surge in crime, homelessness and effects of the COVID pandemic. NEMA, the 754-unit apartment building that was once valued at $543.6million in 2018, has seen its valued halved to …