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Marc Stiles
Real Estate Editor
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October 21, 2004

Real Estate Buzz: Hot tips from a successful contrarian

By MARC STILES
Real Estate Editor

Apartment investment guru Maxwell Drever will always have a special place in his heart for Seattle because it was here some 30 years ago that the San Franciscan's reputation as a contrarian investor began to soar.

Seattle, struggling with the Boeing bust, was like a sinking ship, and investors were fleeing. But Drever saw something others didn't. It compelled him not only to buy 17 apartment complexes but also sink more money into improving them.


 
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