The VC buying up prized real estate in SF says not to “listen to agitators”

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VC Neil Mehta, the Greenoaks Capital co-founder tied to a growing number of building purchases across several blocks of San Francisco’s once-glittering Fillmore Street commercial district, defended himself on Monday via an op-ed in The San Francisco Standard, saying the moves are solely about revitalizing a “city that has given me more than I could ever give back to it.” 

The piece aims to push back at local politicians, including SF Supervisor Aaron Peskin, who recently held a rally on the street, telling onlookers and reporters that Mehta’s buying spree will displace longtime small businesses. (Peskin is also running for mayor currently.)

Mehta – who definitely underestimated the blowback from the purchases – further argues that he’s not looking to make a fast buck on the real estate holdings. They’re being purchased via a real estate fund that he backs through a nonprofit to which he (alone) has donated $100 million. As such, insists Mehta, he has  “zero financial interest in these properties,” “will receive nothing in return,” and any proceeds will be “reinvested in the community.”



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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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