The private equity firm behind a $1 billion real estate portfolio in Brooklyn and Miami said its investments in two big projects have been wiped out — and one critic is blaming a pair of 20-somethings who were trusted with the company checkbook. JZ Capital Partners recently wrote down to zero its stakes on a Downtown Brooklyn development site and a portfolio of properties in Miami’s Design District, the company’s annual report shows. “In the
source https://therealdeal.com/2020/08/20/wiped-out-firm-says-stakes-in-brooklyn-miami-projects-now-worthless/
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