Santa Monica’s largest apartment owner fired another shot in the battle over ownership of nine luxury properties in Santa Monica and Los Angeles, accusing Boston-based hedge fund AEW Capital Management of a “sophisticated conspiracy” to steal the properties.

In new documents filed with the Los Angeles Superior Court, NMS Properties’ CEO Neil Shekhter accuses AEW of conspiring with real estate investors to eventually “flip” the buildings to make more than $100 million in profit. 

Read More: http://smdp.com/nms-accuses-hedge-fund-of-conspiracy-to-steal-hundreds-of-local-apartments/159257