It was driven largely by leverage on higher revenues, lower repair and maintenance expense, reduced credit card fees and utility costs.

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Rogers, is that for every dollar in operating and maintenance expense that can be reduced in a merger, up to five dollars can be invested in infrastructure upgrades.

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While the community may charge a monthly maintenance expense to the owner (so the complex can collectively conduct maintenance), the cost may be a lot less than maintaining a large property on your own.

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The U.S. Attorney's Office in Manhattan, which handled the Hassan Nemazee criminal prosecution, declined to comment, but it has indicated it intends to seize the properties and prosecutors did allege in their indictment that proceeds of the fraud were used to make maintenance and expense payments on the properties.

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As a result they hire the best architects, spare no construction expense and often have impeccable maintenance.

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