And reporters have already lost the main thread of the story:
Charlotte-based South Street Partners is in talks to become the new manager of properties overseen by U.S. Rep Robert Pittenger’s former real estate firm.
Pittenger Land Investments identifies raw tracts in potential growth areas and gathers investors to buy the properties, which are held by limited liability companies. The goal over time is to make a return by selling the properties to developers.
No. That is their "stated" goal, but you skipped millions of dollars that Pittenger already made by scamming those investors. You guys just covered this a few months ago, and you need to keep this part of the story front and center:
http://ift.tt/1L0fn2D
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