Press Releases
KSI Management Launches Lease-to-Buy Program
Apartment residents can earn credits toward KSI condo purchases
February 6, 2006
KSI Management Corp. announced today the start of its “Lease- to- Buy” program. Current and future rental residents in KSI apartment communities will be able to accrue up to $5,000 in credits to use toward the purchase of a KSI condominium at any of KSI’s 5 Condominium communities throughout the Washington DC metropolitan area.
Residents in good standing at KSI’s rental communities are automatically eligible for this benefit and will not have to sign up. Each resident will earn a $250 credit per month, up to a total of $5,000. These credits will be available for the duration of their residence at a KSI community and up to 60 days after they are no longer a resident at a KSI community.
“The unique feature of this offer is that the credit is not based on a percentage of the rent paid by residents,” said Karen Kossow, Assistant Vice President of Sales and Marketing. “Those in who are living in affordable housing are receiving the same credit as those in KSI’s other properties. We know how important home ownership is to everyone, and we are pleased to help make it a reality.”
KSI has more than 34 apartment communities in Washington, Virginia and Maryland, with a total of more than 8,500 residents. Two of its apartment communities, Woodside Crossing in Silver Spring, MD and Sursum Corda in Washington, DC, will not be participating in the “Lease- to- Buy” program because they are making their own separate ownership arrangements with residents.
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