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Manhattan investment firm in talks to buy upstate property linked to multimillion-dollar fraud scheme

Rockport Equity is in talks to acquire one of Rochester-based landlord Robert Morgan’s properties facing foreclosure over an alleged mortgage fraud scheme. The sprawling garden-apartment complex, known as the Brookwood on the Green, spans 340 units at 7405 Morgan Road in Liverpool. It wasn’t clear how much Rockport is negotiating to purchase the property for, but the complex was assessed at $ 11.5 million, according to 2018 property tax records. Zac Thomas, an acquisitions analyst for […]

The Real Deal New York

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