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Nob Hill’s Fall: Neglect and Private Equity | Real Estate News
Nob Hill, Syracuse’s crumbling apartment complex, is a cautionary tale of neglect and mismanagement. Bought in 2018 for $58.5 million by private equity firm Windsor Capital Group, the once-thriving property now faces lawsuits, fires, and decay — including a deadly February blaze that killed a senior resident. While owners blame city oversight and a poor property manager (replaced in 2022), critics point to Fannie Mae’s risky financing and the broader toll of pandemic-era rent drops. The story’s messy mix of aging infrastructure, financial recklessness, and leadership gaps makes it hard to pin…
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