Alpha Capital Slammed for Retaliations against Tenants

State senator Martha Marx and state representatives Nick Menapace and Nick Gauthier hosted a press conference and sent a letter calling on the CEO of Alpha Capital Funds to rescind retaliatory lease violation notices threatening eviction against leaders of the CT Tenants Union chapter organized at the Bay Point Apartments in Niantic..

The previous week private-equity landlord Alpha Capital issued lease violations and cease & desist orders to six residents of the Bay Point Apartments, two CTTU leaders, and the director of the local Center for Housing Opportunity, accusing them all of “disruptive conduct” amidst the tenants’ months-long battle to resist displacement from their homes. 

These escalations against tenants come amid the ongoing condo conversion plans first announced by Alpha Capital in November 2025. Tenants of Bay Point, many seniors living on a fixed income, have faced months of stress over this renewed threat to their housing stability and affordability.

Despite the intimidation — including from onsite Alpha employees who attempted to bar their guests from the property — union members hosted an exposé event on the sidewalk in front of the complex. They brought elected officials, realtors, and community members inside the building in small groups to witness and discuss tenant concerns, including non-functioning heat, broken appliances, and unsafe common space conditions. 

So far, two condo units hit the market in February, yet neither unit has sold.

Upon receiving notice of Saturday’s tenant-hosted event, maintenance staff rushed to the construction site to remove tape from hallway smoke detectors, remove plastic sheeting that had been adhered to hallway carpets for at least two weeks, clear discarded toilets and bulk refuse from the outdoor waste area, and vacuum debris and potentially hazardous materials from hallways and common areas. 

Representative Gauthier, who an Alpha employee attempted to prohibit from speaking with tenants in the building hallway, said:  “Alpha Capital is abusing Bay Point residents and trying to create oppressive living conditions to intimidate residents into leaving. This much is obvious from what I observed during my visit to the homes of the residents of Bay Point Apartments.”