Landlord Targeted by Mamdani Agrees to Forgive Back Rent in 5,100 Apartments
June 12, 2026Social Scan Verified
Read the full story at Social Scan Summary
Summit Properties, the new owner of a 93-building portfolio previously owned by Pinnacle Group, agreed to waive millions in unpaid rent for tenants. This follows Mayor Mamdani's intervention in the bankruptcy sale as one of his first official acts as mayor, demonstrating his approach to steering building sales toward more responsible ownership.
Related coverage
- Juneteenth Fri Jun 19 — Federal Holiday, Mamdani Reception Was Tue Jun 16 at Gracie; Schools/Many City Offices Closed, Alternate-Side SuspendedNYC Mayor's Office | NYC.gov | NY1 · June 19, 2026
- Mamdani Attends France-Senegal Watch Party at NYC's Last Remaining Emergency Migrant Shelter — Bronx Site, Tue Jun 17Gothamist | Amsterdam News · June 17, 2026
- Mamdani Reveals Final State-Legislature Endorsement Slate to Hellgate Wed Jun 17 — Five Candidates, Three DSA + Two WFP, All Open Seats, Capping the Primary CycleHellgate NYC | City & State NY | Queens Eagle | QNS · June 17, 2026