Monday, September 21, 2009

$50 Million in NY Real Estate Belongs To... (ta da) ACORN!!!

ACORN the landlord
Clarice Feldman
September 21, 2009
...
The NY Post brings us news of one of NYC's biggest landlords, the seriously embattled "community organizing" outfit called ACORN:
ACORN has quietly become one of the Big Apple's biggest owners of low- and moderate-income housing, amassing a real-estate empire worth at least $50 million, The Post has learned.
New York ACORN and a tangled web of affiliates own or manage nearly 1,500 housing units across three boroughs and draw in an estimated $5.7 million in rents, fees and profits from sales.

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