Our point of view: Observer has a new owner
In the interest of full disclosure, the Observer wishes to inform our readers of a change in ownership.
AMREP Sud-Ouest recently purchased the building where we are renting an office. Our lease still has several years, and AMREP wanted to continue it.
The sale closed last week. So our owner is now an entity that we cover occasionally.
We are committed to being careful to remain fair and objective in our coverage of AMREP and their homebuilding arm, Amreston Homes.
We will use the same standards for determining how and when to cover business activities as we do for everyone else, and will not play favorites.
It may take a little more thought and effort, but we know how important it is.
We begin this effort by being careful not to hide or appear to hide the new business relationship.
We are humans like everyone else, so we have professional and personal relationships and sometimes those relationships intercept with the blanket.
It might be a little awkward at times, but we’ll all take care of it.
We anticipate a mutually beneficial relationship with AMREP as owner and tenant.
We just wanted to be transparent and make sure our readers were made aware of the change.