{"id":2169905,"date":"2024-02-07T05:13:02","date_gmt":"2024-02-07T10:13:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-running-for-santos-seat-appears-to-invest-with-notorious-nyc-slumlord\/"},"modified":"2024-02-07T05:17:31","modified_gmt":"2024-02-07T10:17:31","slug":"dem-running-for-santos-seat-appears-to-invest-with-notorious-nyc-slumlord","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-running-for-santos-seat-appears-to-invest-with-notorious-nyc-slumlord\/","title":{"rendered":"Candidate for Santos&#8217; seat allegedly invests with infamous NYC slumlord"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdem-running-for-santos-seat-appears-to-invest-with-notorious-nyc-slumlord%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2169905&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Democratic Candidate for New \u200cYork Congressional Seat Invests with Controversial Landlord<\/h2>\n<div>\n<figure><figcaption>Rep. Tom Suozzi (D., N.Y.) |\u2064 YouTube<\/figcaption><\/figure>\n<\/div>\n<div>\n<p>The race to fill former Rep.\u2063 George\u2063 Santos&#8217;s (R.) seat in New York \u2062has taken an interesting turn. The Democratic candidate, former Rep. Tom Suozzi (D., N.Y.), has been found to have a financial stake \u200cin a firm associated\u2063 with\u200c a\u200d notorious landlord in New York\u2064 City.<\/p>\n<p>According to Suozzi&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wherever-vanita-gupta-worked-her-fathers-money-followed\/\" title=\"Wherever Vanita Gupta Worked, Her Father\u2019s Money Followed\">recent financial disclosure<\/a>, he holds a significant investment of up to $500,000 in two commercial \u200cproperties through the investment firm HREA NJ NY LLC. This firm shares an address \u200dwith \u200dHildreth Real\u2063 Estate Advisors, owned by real estate investor David Shorenstein. Shorenstein was\u200b previously involved with Silvershore Properties, a company that gained notoriety in 2017 for accumulating a shocking 1,090\u2063 housing violations\u2064 across\u2063 19 properties in New York City.<\/p>\n<p>During Shorenstein&#8217;s leadership, Silvershore Properties was\u2063 placed at\u200d the top of the &#8220;Worst \u2064Landlord Watch List&#8221; by Letitia James, then New York City&#8217;s public advocate. Reports emerged of residents living \u200din\u200c pest-infested apartments with mold, enduring weeks without heating or hot water during winter. One tenant even had to spend \u200c$100 a month on\u200b glue traps to combat a rat infestation.<\/p>\n<p>Suozzi, a \u2062former congressman and unsuccessful gubernatorial candidate, is currently in a\u200c tight race \u200bwith Republican Mazi Pilip to replace the scandal-plagued Santos.\u2062 Despite Democrats outspending\u2062 Republicans, Suozzi has attempted to manage expectations by acknowledging the challenges faced by the Democratic brand due to the Biden administration&#8217;s\u2064 handling of the border crisis.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/report-5-ore-counties-vote-on-leaving-state-residents-want-to-detach-from-deep-blue-state-and-join-greater-idaho\/\" title=\"Report: 5 Ore. counties vote on leaving state, residents want to detach from deep blue state and join Greater Idaho\">upcoming special election<\/a> \u200con Feb. 13 for New \u200bYork&#8217;s Third Congressional District carries \u2062significant implications for the 118th Congress. A Republican victory would expand the party&#8217;s narrow \u2063majority, providing House Speaker Mike Johnson (R., La.) with a slight legislative advantage.<\/p>\n<p>Suozzi&#8217;s financial disclosure reveals a 3 percent ownership \u2062stake in HREA NJ NY LLC. It remains unclear \u2064whether Shorenstein has direct involvement with the company, which appears to be affiliated with Hildreth Real\u2063 Estate Advisors. Neither\u2064 Suozzi \u200bnor \u200ca spokesperson for Hildreth has responded to inquiries regarding the relationship between\u200c the two entities.<\/p>\n<p>Silvershore Properties claimed in November 2017 that it had <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/canada-is-it-becoming-north-americas-cuba\/\" title=\"Canada \u2013 Is it Becoming North America\u2019s Cuba?\">made significant improvements<\/a>\u200b to its properties and expected violations to decrease during subsequent \u2062inspections. However, in\u2062 July 2018, the company sold\u200d most of its holdings\u2062 and closed its \u200cManhattan headquarters.<\/p>\n<p>Residents accused Silvershore of neglecting property maintenance in an effort to force them\u200b out and replace them with higher-paying tenants, as\u200d reported by\u2062 Gothamist in 2019.<\/p>\n<p>After leaving Congress in \u200cJanuary 2023, Suozzi acquired his stake in HREA\u200c NJ NY LLC. \u200cHis holdings in Hildreth represent a small portion of his overall\u2063 investment portfolio, valued at up to \u200d$6.3 million.<\/p>\n<p>Suozzi is the latest Democrat to face \u200cscrutiny for having a financial interest in a problematic landlord. During his 2022 reelection campaign, Sen. Raphael \u2062Warnock (D., Ga.) \u2064faced backlash\u2062 when \u2063it was revealed\u2063 that his Ebenezer Baptist Church\u200b owned \u2062a low-income\u200b apartment \u200cbuilding that attempted to evict struggling residents over minimal unpaid rent.<\/p>\n<p>Residents of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/walker-ad-highlights-warnocks-apartment-evictions-domestic-abuse-allegations\/\" title=\"Walker Ad Highlights Warnock\u2019s Apartment Evictions, Domestic Abuse Allegations\">church-owned building<\/a>, who were threatened with eviction during the pandemic for as little as $28 in overdue rent, reported issues with pests, maintenance, and unsanitary conditions, according\u200d to the Free Beacon.<\/p>\n<\/div>\n<p> <\/p>\n<h2> \u2062 How\u200b does Tom Suozzi&#8217;s investment in properties linked to a controversial landlord raise questions about his judgment and commitment to serving his constituents, particularly those\u200b who have experienced housing \u200cissues?<\/h2>\n<p><span>  His revelation of Suozzi&#8217;s financial investment in a firm associated with a controversial landlord\u200d raises questions about his judgment and commitment to serving the interests of his constituents, particularly those who have experienced housing issues in New York City. It is\u200c concerning that Suozzi would choose to invest in properties linked to a landlord with a track \u2064record \u2064of housing violations and neglecting the well-being of their tenants.<\/p>\n<p>The fact that Suozzi&#8217;s investment in these properties is significant, with up to $500,000 at \u2064stake, further emphasizes the seriousness of this\u2062 issue. It is \u200cnot unreasonable to expect a candidate running for \u2062public office \u2063to be more discerning\u200d about where their money is invested and \u200cto avoid associations with individuals or firms that have displayed such disregard for\u2064 the\u2063 basic needs and rights of tenants.<\/p>\n<p>Suozzi&#8217;s association with HREA NJ NY LLC and Shorenstein raises questions\u200d about his awareness of the practices and reputation of the entities in which he\u200c invests. As a former \u200bcongressman and someone with political experience, it is fair to expect a certain level of due diligence in evaluating potential business ventures and the ethical implications of such investments.<\/p>\n<p>Furthermore, this revelation comes at a crucial time for Suozzi as he competes in a closely\u2064 contested race. With the scandal-plagued Santos leaving a tainted legacy, voters are looking for a candidate who can restore \u200dtrust and integrity to the congressional seat. However, Suozzi&#8217;s financial association with a controversial landlord undermines his credibility and\u2062 casts doubt on his ability to prioritize the needs of his constituents over personal financial interests.<\/p>\n<p>In light of these revelations, it is essential for Suozzi to address this issue with transparency and accountability. Voters deserve\u200b an explanation of his financial decisions \u200cand assurances that\u2062 he is committed to advocating for safe and affordable housing for\u200d all. Suozzi\u200d must make\u200b a clear statement distancing himself from the practices and reputation of the landlord associated with his investment.<\/p>\n<p>Additionally, it is crucial for voters to consider\u2063 this new information in their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/listen-elon-musk-presses-robinhood-ceo-about-gamestop-fiasco-restricted-trading\/\" title=\"LISTEN: Elon Musk Presses Robinhood CEO About GameStop Fiasco, Restricted Trading\">decision-making process<\/a>. They should critically evaluate the candidates&#8217; integrity and commitment to \u200dbettering the lives of their \u2063constituents. The people of this district deserve a representative who will prioritize their well-being\u200c and hold themselves to the highest ethical standards.<\/p>\n<p>In conclusion, the revelation of former Rep. Tom Suozzi&#8217;s financial investment in a firm connected to a controversial landlord raises serious concerns about his judgment and commitment to serving the people of New York&#8217;s congressional district. This issue demands transparency, accountability, and reassurance from Suozzi that he is dedicated to addressing the housing needs and concerns of his constituents. The voters in this district \u2064deserve a representative who genuinely prioritizes their well-being and can be \u200ctrusted to uphold the highest standards of \u200dethical conduct.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rep. Tom Suozzi (D., N.Y.) is reportedly investing in a firm associated with a cofounder who was once known as the worst landlord in New York City. Suozzi, who is running for former Rep. George Santos&#8217;s (R.) seat, holds a stake of up to $500,000 in the company<\/p>\n","protected":false},"author":108,"featured_media":2169906,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2018\/07\/Screen-Shot-2018-07-20-at-1.10.12-PM.png","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2169905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2018\/07\/Screen-Shot-2018-07-20-at-1.10.12-PM.png","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2169905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/108"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2169905"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2169905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2169906"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2169905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2169905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2169905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}