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The Real Deal

The Real Deal

Business

Business & Economics

“They’re pushing the eject button”: Related unloads monster rent-stabilized portfolio for $192M — another loss

The Real Deal
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Peter Hungerford is the head of PH Realty Capital , and possibly the city’s most prolific rent-regulated buyer of late.

The deal comprises over 2,000 units spread across five neighborhoods in the Northern Bronx .

At $192.5 million , the purchase price represents a 24 percent discount to the $253 million Related paid in 2014 .