Google co-founder Sergey Brin has walked away from a real estate fund, selling his interest back to the manager, A&E Real Estate, for just six cents on the dollar. Brin’s stake in the fund, which manages 5,900 rent-stabilized apartments, was previously worth approximately $79 million. This move occurred one month following Zohran Mamdani’s mayoral election victory, which was built on a promise to freeze rents for regulated housing.

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