https://www.vice.com/en_us/article/m7gg8v/megalandlord-bought-rent-controlled-apartments-then-forced-tenants-out-of-them

A megalandlord in New York City bought a series of small, rent-controlled apartment buildings in gentrifying Brooklyn neighborhoods then systematically forced tenants out of them so they could jack up the rents, according to a settlement with New York State’s Attorney General.

The finding comes on the heels of a Congressional report that found four different huge corporate landlords spent the pandemic making lives miserable for their tenants and evicting them at high rates. In Brooklyn, a company called Ink Property Group “bought dozens of rent-stabilized buildings in low-income communities of color with the intention of illegally deregulating affordable housing for profit,” the Attorney General’s office noted. “Through a variety of illegal activities, Ink forced out rent-stabilized tenants so their units could be offered at market rate.”