Zygmunt Arendt House holds a special place in the 黑料门portfolio as it was the first of our permanent, supportive housing developments dedicated solely to formerly homeless seniors when it opened its doors in 2010. A truly unique property, Zygmunt Arendt House welcomed residents aged 62 or older who were previously living in shelters or on the streets here in San Francisco.
Who was Zygmunt Arendt?
Zymunt Arendt, a WWII-refugee, led a brief career as a car inspector for Southern Pacific Railroad for just over a decade. Arendt鈥檚 true calling was as a savvy investor, where he amassed a small fortune playing the stock market. At the time of his passing, Arendt鈥檚 canny investment strategies saw him yield dividends of nearly $20,000 per month – leaving behind an estate worth around $6 million.
In his last will and testament, handwritten in 1989 nine years before his passing, he bequeathed his wealth to the City of San Francisco for the sole purpose of helping the city鈥檚 poor and elderly. The City paid his request forward, investing in the development of the Zygmunt Arendt House. Today, the dozens of residents that call Zygmunt Arendt House home, are a testament to Arendt鈥檚 kindness, and the fulfillment of his last wish coming true.
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