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Property records reveal family ties in bankruptcy sale of more than 5,000 NYC apartments

Pinnacle tenants in Brooklyn

Tenants of the Pinnacle Group in New York City have objected to the sale of their apartments to Summit Properties USA.

The company attempting to buy dozens of rent-stabilized apartment buildings owned by the firm Pinnacle Group has close ties to the brother of Pinnacle’s CEO. [ more › ]

Source: Property records reveal family ties in bankruptcy sale of more than 5,000 NYC apartments

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