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Private equity firms are targeting low-income apartment buildings across the city as the ultimate investment: buying them out, evicting tenants and renovating the empty units. The new rents, subject to increases without controls, are so high that they’re sending some residents to the food bank.
Read MoreThey’re ultra-rich, predominantly American, and over the next eight years they’re bringing 21,000 units without rent control to a new building near you.
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