I'm pretty sure the name change is usually far more benign than that. Apartments depreciate faster in some areas than others. It can also be difficult to turn a

I'm pretty sure the name change is usually far more benign than that. Apartments depreciate faster in some areas than others. It can also be difficult to turn a profit especially in a college town where nobody but broke and rowdy students want to live. Apartment complexes then get new ownership after the last one gives up and the new property management changes the name to fit their brand.