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C Neil Mehta, co-founder of Greenoaks Capital, is facing criticism for his company's acquisition of multiple buildings on San Francisco's Fillmore Street. In an op-ed published in The San Francisco Standard, Mehta defended the purchases, stating that they are aimed at revitalizing a neighborhood he has a deep affection for. He claims to have "zero financial interest" in the properties and that any profits will be reinvested in the community through a nonprofit organization.

    Mehta's comments come after local politician SF Supervisor Aaron Peskin expressed concerns that the purchases would displace long-time small businesses on the street. Mehta argues that his real estate fund, backed by a nonprofit to which he has donated $100 million, is not motivated by profit but rather by a desire to revitalize the community.

    Mehta's op-ed aims to push back against criticism from local politicians and residents who are concerned about the impact of his company's purchases on the neighborhood. He emphasizes that his goal is to invest in the community, not to make a quick profit.