NEW BOOK:
How Trustees Prefer The Failure of Saint Philippine Duchesne’s Work For The Land.
On August 21, 2017, the Society of the Sacred Heart sold its former Kenwood
Academy on 75 acres of land in Albany, New York to an LLC in New York City. On
the same day, this LLC turned around and sold the property for $18 million to
another LLC—a $15 million profit in a single day.
How could this happen? Who got the $15 million?
The Society of the Sacred Heart recently sold its former Kenwood Academy on 75
acres of land in Albany, NY on August 21, 2017.
According to the Albany Business Review (8/30/17), there were two transactions
on that day.
In the first transaction, the Society of the Sacred Heart sold the property to a
“limited liability company registered to the address of a New York City real estate
investment firm, Mercer Street Partners,” for $3 million.
The Mercer Street Partners LLC immediately resold the property on the same day to
Kenwood Commons LLC for $18 million—a $15 million profit in a single day.
How could this ever have happened? Who got the $15 million?
In this book you will find a deep study of how the Society of the Sacred Heart may be
being exploited.