Despite efforts by Mayor Zohran Mamdani’s administration, Summit Properties is slated to take over more than 5,000 mostly rent-stabilized New York apartments from Joel Wiener’s Pinnacle Group. The ...
Summit Properties USA is set to take over a roughly 5,200-unit New York City apartment portfolio after no other bids emerged at a bankruptcy auction Thursday to beat its $451.3M offer. The sale, which ...
Real estate investment firm Summit Properties USA won court approval for its $451 million purchase of apartments placed into bankruptcy in May by Pinnacle Group LLC, overcoming legal objections from ...