Costco The Landlord? Retailer Building 800-Unit Apartment Complex. Here's The Potential Reason Why.

Benzinga · Jun 29 22:26

RetailerCostco Wholesale Corporation(NASDAQ:COST) is best known for offering items in bulk for consumers and its infamous $1.50 hot dog and soda combo.

Costco could soon become known as a landlord or apartment builder as it dives into the world of affordable housing.

What Happened:Costco is continuing to build new stores as it looks to grow sales, with shares at all-time highs.

A new report from the New York Post, however, reveals the extra steps Costco is taking to develop a store in South Los Angeles.

Costco plans to build an 800-unit apartment complex as part of...

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Costco The Landlord? Retailer Building 800-Unit Apartment Complex. Here's The Potential Reason Why.

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