A series of rundown residential properties in the Bronx will get their fourth owner in five years, thanks to a less-than-candid $17 million sale by Bluestone Group, who had pledged its involvement for the long haul and denied shopping around the portfolio to other investors. The deal will be part of a Crain's profile on the "broader problem of revolving ownership that is vexing city officials and threatening the city's affordable housing stock." [Crain's]
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