Philadelphia Properties Linked to ABC Capital

Companies linked to ABC Capital helped move hundreds of properties in Philadelphia, through a network of more than 600 LLCs set up largely on behalf of overseas investors. As of October 2022, hundreds of these properties remain under investor control in some of the city’s poorest neighborhoods, accounting for close to 500 open building-code violations and over $200,000 in delinquent property taxes.

Sources: Office of Property Assessment; Dept. of Licenses and Inspections; Dept. of Revenue
John Duchneskie / Staff Artist