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Tenants’ Rights Leaders Protest Foundation’s Billion-Dollar Real Estate Deal With Blackstone

KPBS - Local leaders and tenants rights advocates gathered in National City on Tuesday to demand that Conrad Prebys Foundation stop the sale of it’s nearly 6,000 apartment units to the private equity firm Blackstone.

Anne Marine McKellob has called Golden Tree Apartments on Ave A her home for the past three years. It’s one of the 66 buildings the foundation is selling to Blackstone for over $1 billion. McKellob worries about what will happen when Blackstone takes over.

“I am pretty much afraid that we got to move out,” said McKellob. “They aren’t in favor of us, they are in favor of themselves and growing their money higher.”

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