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ALDO_NOVA ago

didn't someone find that the whole block was bought by a Saudi company and sold for $0 - or was this debunked?

Prepper_Jack ago

Well, the block was in fact purchased on the same day, and by the same company. CON NEB LiC, and a property management company based in Northern Virginia. He was claiming that he found evidence that CON NEB was a Saudi company. I haven't found any evidence as to what this company really is.

CONNEB I LLC appears to be a company registered in Vienna, VA. The location is a single family home. I'd swing by and check out who it is, but that house was sold in October. The registered agent was a "Kevin McCarthy". This could be the actual agent, or the owner of the LLC acting as an agent. The business entity claims an alternate address at H.A Gill (the aforementioned property company) There are a few notable Kevin McCarthy's in the area. One is a US congressman from California. The other is a man who works investment brokerage for AFL-CIO (interesting). Another is a doctor with his own clinic in Bethesda, MD.

It speaks more to the possibility that the block is owned by a single man who lets a property management team handle the day to day operations (for a fee, of course). Of course, there is the possibility that it could be someone managing property for a foreign entity.

As far as the block being sold for $0, that's how it appears in real estate databases. In the DC government property queries, the sales price appears as "unavailable". I talked to a family member who worked commercial real estate in DC - and she said that reports like that aren't that uncommon. It may be that they simply failed to report to the agencies what the actual sales price was, possibly a transfer of title from an older version of a company to a newer (perhaps a restructure), possibly the addition of the management company on the title, or one of a number of other things. Some possibilities are more suspicious than others.

I should also add that selling an entire block is actually very common practice in DC.

Millennial_Falcon ago

As far as I'm aware, no evidence (let alone proof) was ever provided. It was promoted by LegionWill, who was outed as a shill and deleted his account. Note that nobody has replied in this thread to provide evidence.