Analysts today estimate the value of the two complexes at about $1.9 billion.
Many of the two complexes' residents fear that their homes are destined to become luxury housing.
One officer patrols the two complexes daily from 4 p.m. to midnight.
The president of the tenants group for the two complexes, Alvin D. Doyle, said: "It's a shame.
The tribe sold $410 million in 30-year bonds to build the two complexes, Mr. Allen said.
At the time of the sale, more than 70percentt of the apartments at the two complexes were regulated.
But the apartments were carbon copies, the grounds were similar and the two complexes shared recreation staffs.
Mr. Marcus said the two complexes offered different types of space.
But real estate analysts said that it might take six years for Tishman Speyer to show a profit from running the two complexes, given the price it paid.
For architecture buffs, the main attractions are the two complexes designed by Le Corbusier: the stunning post-war Couvent de la Tourette and the equally fascinating Firminy-Vert.
The man survived, but the incidents sparked fears among residents about the overall safety of the two complexes, the only public housing on the Upper East Side.
