US Housing: how Fannie Mae and Freddie Mac became rental powerhouses

From the spotted bronze pumpkin in the valet court to the light sculpture above the marble concierge desk, few expenses have been spared at Sky Residences. Residents of the glistening 71-storey tower in Manhattan’s Hell’s Kitchen have access to a basketball court, a private art collection and a billiards lounge. The luxury lifestyle does not come cheap: one-bedroom apartments are on the rental market for as much as $6,500 a month.

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Source: Financial Times