#ws-communities

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therealdeal.com
2 months ago
LA real estate

Neil Shekhter Loses More Santa Monica Apartment Buildings

Neil Shekhter has lost more properties, this time to foreclosure.
Bank of Southern California foreclosed on three properties after Shekhter's firm, WS Communities, lost nearly half its portfolio. [ more ]
therealdeal.com
3 months ago
LA real estate

WS Communities Loses Control of 50% of Its Portfolio

Neil Shekhter has lost about half of WS Communities' portfolio to lenders, signing deeds-in-lieu of foreclosure on 28 properties in L.A. County.
Madison Realty Capital, Lightstone Capital, and Hankey Capital have taken control of the majority of the properties. [ more ]
therealdeal.com
5 months ago
LA real estate

Shekhter's WS Communities Defaults on Hankey Capital Loan

WS Communities, a landlord in Santa Monica, has defaulted on a $5.35 million loan from Hankey Capital tied to a parcel of land.
The default comes after WS Communities settled litigation with the city over various issues, including tenant harassment allegations. [ more ]
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