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Manhattan Residents Concerned As Building Ownership Changes

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Manhattan residents are fearing the worst as ownership of their buildings juggles.

Residents spoke out a town hall meeting Tuesday after learning 16 buildings have been sold to the highest bidder.

Elected officials said owner Loanstar Funds has no interest in being landlords.

They add that the 1,500 residents effected deserve firm management no matter who owns their buildings.

"At the end of the day, they deserve buildings where they know who are the management of those buildings, who is responsible for providing those services," said Councilman Ydanis Rodriguez.

The city plans to inspect one of the buildings at random next week.

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