Santa Monica’s largest residential property owner has filed a lawsuit against a Boston-based hedge fund, alleging AEW attempted a “hostile takeover” of seven of their properties in the city and two others in Los Angeles County.

The suit is the latest battle in a legal war that has waged between NMS Properties and AEW over a joint venture to finance 9 properties in Southern California.

Read More: http://smdp.com/local-developer-faces-city-scrutiny-amid-fraud-scandal/158945