For San Francisco Landlord, Bell Tolls on a Debt-Heavy Plan

San Francisco's biggest apartment owner has tripped on its financial high-wire act and is racing to secure a safety net. The closely held Lembi Group recently handed over 51 buildings to one lender because of nonperforming loans and is now trying to renegotiate some $1 billion in short-term debt to save dozens more buildings in its portfolio.

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