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“I called it my cavewoman moment,” she mentioned. Private equity firms in 2020 reported a report amount of unallocated capital on hand - called “dry powder” within the enterprise - for actual property, based on the research firm Preqin. Now she has a one-bedroom in a constructing called L Seven, a half-mile from the Olume. So that they packed up their belongings and moved out of their junior one-bedroom apartment. She regarded round within the neighborhood and found a one-bedroom for less than she had been paying Greystar. A metropolis inspector visited and found other violations, information present, involving building features together with the fireplace alarm control panel and the HVAC system. The legal motion is the latest development stemming from a 2022 ProPublica investigation. A few of Wall Street’s richest and most highly effective figures are utilizing a legal loophole to keep away from paying tens of millions of dollars in taxes earmarked for health care, a ProPublica investigation found.

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