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Summit Properties agrees to buy 5,100 distressed NYC units: Bloomberg

Summary by multifamilydive.com
The firm is paying $451.3 million for the rent-stabilized portfolio, which owner Pinnacle Group put into bankruptcy in May.

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Summit Properties agrees to buy 5,100 distressed NYC units: Bloomberg

The firm is paying $451.3 million for the rent-stabilized portfolio, which owner Pinnacle Group put into bankruptcy in May.

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multifamilydive.com broke the news in on Monday, January 5, 2026.
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