The taxpayers bailed out Frank Lembi's S&L, but he emerged to build a huge real estate empire
Frank Edward Lembi has spent nearly six decades turning San Francisco's hot housing market into his version of the American dream, in the process creating nightmares for many struggling renters.
The aging patriarch still resides at the top of the Lembi family's colossal accumulation of capital, Skyline Realty, also known widely as CitiApartments, the second-largest owner of rental units in San Francisco, as the company describes itself. Read more »