VC Neil Mehta, the Greenoaks Capital co-founder tied to a growing number of building purchases throughout a number of blocks of San Francisco’s once-glittering Fillmore Road industrial district, defended himself on Monday via an op-ed in The San Francisco Customary, saying the strikes are solely about revitalizing a “metropolis that has given me greater than I may ever give again to it.”
The piece goals to push again at native politicians, together with SF Supervisor Aaron Peskin, who lately held a rally on the road, telling onlookers and reporters that Mehta’s shopping for spree will displace longtime small companies. (Peskin can also be running for mayor presently.)
Mehta – who undoubtedly underestimated the blowback from the purchases – additional argues that he’s not trying to make a quick buck on the true property holdings. They’re being bought by way of an actual property fund that he backs by way of a nonprofit to which he (alone) has donated $100 million. As such, insists Mehta, he has “zero monetary curiosity in these properties,” “will obtain nothing in return,” and any proceeds can be “reinvested locally.”
