Curious wingnut real estate investments
I don’t know what this is about but it’s interesting:
At first glance, the flurry of real estate sales two blocks east of the U.S. Capitol appeared unremarkable in a city where such sales are common. In the span of a year, a seemingly unrelated gaggle ofrecently formedcompanies bought nine properties, all within steps of one another.
But the sales were not coincidental. Unbeknown to most of the sellers, the limited liability companies making the purchases — a shopping spree that added up to $41 million — are connected to a conservative nonprofit led by Mark Meadows, who was chief of staff to President Donald Trump.The organization has promoted MAGA stars like Reps. Marjorie Taylor Greene (R-Ga.) and Lauren Boebert (R-Colo.).
The Conservative Partnership Institute, as the nonprofit is known, now controls four commercial properties along a single Pennsylvania Avenue block, three adjoining rowhouses around the corner, and a garage and carriage house in the rear alley. CPI’s aim, as expressed in its annual report, is to transform the swath of prime real estate into a campus it calls“Patriots’ Row.”
The acquisitions strike some Capitol Hill regulars as puzzling, considering that Republicans have long made a sport of denigrating Washington as a dysfunctional “swamp,” the latest evidence being a successful GOP-led effort to block local D.C. legislation to revise the city’s criminal code.
“So you don’t respect how we administer our city and then you secretly buy up chunks of it?” said Tim Krepp, a Capitol Hill resident who works as a tour guide and has written about the neighborhood’s history. “If it’s such a hellhole, go to Virginia.”
Reached on his cellphone, Edward Corrigan, CPI’s president, whose name appears on public documents related to the sales, had no immediate comment on the purchases, which were first reported by Grid News and confirmed by The Washington Post. “I’ll get back to you,” Corrigan said. He did not respond to follow-up messages.
Former senator Jim DeMint, CPI’s founder, and Meadows, a senior partner at the organization, did not respond to emails seeking comment. Cameron Seward, CPI’s general counsel and director of operations, whose name appears on incorporation documents related to the companies making the purchases, did not respond to a text or an email.
As Congress’s neighbors, denizens of the Capitol Hill neighborhood are accustomed to existing in close quarters with all varieties of official Washington. Walk the neighborhood and you might catch a glimpse of Senate Minority Leader Mitch McConnell (R-Ky.), Sen. Bernie Sanders (I-Vt.) or former Trump strategist Stephen K. Bannon, among those who own homes near the Capitol. The Republican and Democratic national committees both have offices in the neighborhood.
But it’s rare, if not unprecedented, for a nonprofit to purchase as many properties in such proximity and in so short a period of time as CPI has assembled through its related companies, a roster with names like Clear Plains Holdings, Brunswick Partners, Houston Group, Newpoint and Pennsylvania Avenue Holdings. The companies list Seward as an officer on corporate filings, as well as CPI’s Independence Avenue headquarters as their principal address.
They might just be making real estate investments. But that’s an odd thing for a nonprofit to do. I havde no idea what this might be all about but it sure looks as if they have some plans. And considering who is involved, they are almost certainly nefarious.