Neil Shekhter has significantly reduced his apartment holdings, selling his Bel Air estate for $15 million after initially listing it for nearly $27 million.
The Shekhters built the Stratford Circle home in 2005 but faced legal challenges due to plumbing issues, which they felt hindered their ability to sell their neighboring property.
In recent news, Neil Shekhter's WS Communities has seen its rental portfolio shrink drastically as he faced financial pressures, handing keys to lenders to avoid foreclosure.
The Bel Air Crest property, measured at over 15,000 square feet, includes luxurious amenities like a wine cellar and an elevator, making it a sought-after sale.
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