Texas House candidate Zack Dunn says homeowners are getting a raw deal from big commercial interests. “Homeowners shouldn’t be picking up the tab when large commercial properties are undervalued or able to avoid paying their fair share,” Dunn told the San Antonio Report.
But before launching his political career in Texas, Dunn worked at powerhouse New York City law firm Fried Frank. During his tenure, Fried Frank assisted Blackstone on a $6 billion Wall Street acquisition of more than 17,000 single-family homes.
Dunn’s campaign biography boasts that he handled “high-stakes transactions where deal values regularly exceeded $10 billion.” During Dunn’s tenure at Fried Frank, the firm advised Home Partners of America in its sale to Blackstone Real Estate Income Trust for approximately $6 billion. The June 2021 transaction handed Blackstone control of a portfolio that included more than 17,000 single-family homes across the country.
Dunn portrays himself as a defender of homeowners against powerful commercial interests, but in New York City, Dunn worked for a firm helping facilitate the transfer of 17,000 single-family homes to Blackstone, one of the largest private equity firms in the world.
Zack Dunn faces incumbent Republican Marc LaHood in the high-stakes race for House District 121 in Northeast San Antonio.