The buildings previously sold between 2012 and 2014 for about $10 million, according to Charleston County property records. Brian Friedman, founder of Friedman Capital and a part owner in the transaction, said the properties were previously purchased by his firm and other buyers through a private equity fund. The latest ownership change was finalized last month. We recapitalized and took them out of the deal, Friedman said, referring to the private equity investors. Michigan-based Beztak Companies is part of the new ownership group, according to Friedman. It will manage the properties, which house a variety of ground-floor businesses and upstairs living space. Friedman said the 36 apartments in the four-building portfolio are being upgraded as tenants move out. Rents will be raised to reflect market rates in that area. We will redo the corridors and paint as we get the units back and upfit the kitchens and fix up the bathrooms and washer and dryer connections, he said. We are finding that people want those amenities. Clothing store Charleston Krewe and tobacco shop Red Light occupy the ground floor of the ornate, three-story building at 363 King.
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Outside of parliament, the debate on legalization has focused mostly on economic questions. The idea has gained modest support from one womens advocacy organization, the Feminist League of Kazakhstan, but the groups representatives have nonetheless expressed skepticism that legalization would generate a bonanza of revenue for the state. The group contends that the number of prostitutes in Kazakhstan is comparatively low, thus, if taxed, the amount collected by the government would not be able to plug many budgetary gaps. Data on the number of sex workers in Kazakhstan is hard to come by. Estimates in recent years have not been made public: the Ministry of Interior does compile such statistics, but the information is classified and for internal use only. In 2011, officials said there were 4,000 prostitutes working in the country. Unofficial sources, however, said the actual number could be double the government estimate. Some critics worry that legalization would present the wrong image of Kazakhstan to the outside world, and turn the country into an undesired sex-tourism destination. It is not a crime to sell sex for money in Kazakhstan. However, there are administrative and criminal penalties for activities related to prostitution, such as soliciting or offering sexual services in public areas, operating a bordello, or engaging in the trafficking of persons for the purpose of sexual exploitation.
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