SG2 buys big Bronx portfolio

Stephen Siegel’s SG2 partnership closed on the $300 million purchase of a 51-building Bronx portfolio that contains 3,611 housing units. Siegel said SG2 intends to maintain the portfolio’s stock of rent-stabilized apartments. Siegel, who grew up in the Bronx, said preserving affordable housing in the borough is of the utmost importance to him. SG2 now owns over 5,000 apartments in the Bronx. [2nd item] more [Post]