Dressed in bright shirts and waving picket signs, a group of housing advocates held a rally Tuesday morning in Santa Monica outside the offices of private equity company Blackstone.
The group was made up of mainly South Los Angeles residents outside 1299 Ocean Ave., protesting the alleged selling of properties in their neighborhood to Wall Street hedge funds and private equities firms.
Members from the Los Angeles branch of Alliance of California Community Empowerment, or ACCE for short, were behind the rally.
They were there to deliver a letter, urging Blackstone and companies similar to them to “be good neighbors” and “work to preserve homeownership and provide quality, affordable rental housing.”
