San Francisco Landlord Tops List Of Bay Area Tax Delinquents
Of the top 500 tax delinquents in California, former CitiApartments Managing Partner and cousin of the late Walter Lembi, David M. Raynal, is number six with $2.59 million owed, the…
Is That The Fat Lady We Hear Singing Over At CitiApartments?
Pledged as collateral on a number of loans which are now in default, it’s a plugged-in tipster that notes “the Debtors’ respective membership interests in the limited liability companies” which…
The Story (And Faces) Behind The Rise And Fall Of The Lembis
San Francisco Magazine digs deep to tell the story of the Lembis. Their business plan was simple: Exploit the difference between artificially low, rent-controlled rents and the sky’s-the-limit, market-rate rents…
CitiApartments Is No More! Well, Sort Of…
A plugged-in tipster reports: Just finishing up escrow on our first condo purchase and trying to get out of…CitiApartments. This morning called them and a receptionist answered “First Apartments how…