Private equity is buying up homes in Ohio
A recent article in the Columbus Dispatch, “When Wall Street is your landlord: How institutional investors impact central Ohio,” found that six corporate landlords have acquired a…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
In victory for tenants, Progress Residential sells 345 single family homes in Twin Cities to non-profits
The private equity firm Pretium Partners, which owns single family rental landlord Progress Residential, recently sold 345 single-family homes in Minneapolis-St. Paul to two non-profits that have committed not to displace current residents…
Report documents corporate landlord’s extraction of wealth: Through home appreciation and rent collection, Progress Residential has extracted over $40 million from North Minneapolis
Progress Residential, the largest Single Family Rental company in the U.S. has extracted over $40 million in wealth from the North Minneapolis community, according to a new report by the Private Equity Stakeholder…
NBC Covers PESP Report on Progress Residential
Columbus, Ohio’s NBC4 featured a story about PESP’s recent report that looked at Progress Residential, a landlord with more than 1,100 properties in central Ohio. NBC4, April 17, 2023: Report calls for changes by ‘predatory’ central Ohio…
New report: Progress for Who? Progress Residential Preys on Renters as It Buys Up Homes in Tennessee and the U.S. South
Progress Residential – the largest and one of the worst predatory corporate landlords in the South – has a track record of mistreating and exploiting vulnerable renters, according to a newly released report co-authored by the Private Equity…
Tennessee Consolidated Retirement System abruptly cancels board meeting as renters press to hold Pretium Partners accountable
After receiving notice that members of United Renters for Justice/Inquilinxs Unidxs Por Justicia would be speaking at its board meeting, and had organized a mass digital action urging its diligence around investments in Pretium Partners, the Tennessee Consolidated Retirement…
Private Equity Industry Relies on Technology to Maximize Profit
The use of automation to improve profit outcomes for large corporations is not a new phenomenon.[1] Even before the creation of computers and cellphones, technology has been used by those in power to lessen the amount of…
Mapping Atlanta Research Expands the Narrative on Corporate Investors’ Geographic (and Demographic) Strategies
A new post from the Mapping Atlanta blog project investigates Atlanta’s corporate rental landscape, adding important nuance to an already active discussion around renters’ rights, race, extraction, and power. Authored by Taylor Shelton, Assistant Professor of Geosciences at Georgia…
Pretium CEO Don Mullen has advice for fixing America’s housing problems. Here’s why you shouldn’t listen to him.
Pretium Partners’ Don Mullen is attempting to win back the good graces of lawmakers. In an open letter released the same day the Biden administration launched new federal housing guidelines, the private equity CEO encouraged the White House and…
PESP’s Bankson comments to The News & Observer about bill limiting corporate landlord homes in Charlotte, the Triangle and more of NC
In the “first such proposal aimed at combating the growth of Wall Street-backed firms that have converted tens of thousands of homes to rentals across the country over the past decade,” Democratic lawmakers in some of…
PESP Calls on the FTC to Eliminate Junk Fees for Tenants
On October 20, 2022 the Federal Trade Commission (FTC) announced that it was exploring a rule to crack down on junk fees proliferating throughout the economy. The FTC described “junk fees” as “unnecessary, unavoidable, or surprise charges that inflate costs…
Progress Residential Must Meet Additional Conditions to Operate in Minneapolis
Progress Residential’s troubles in Minnesota continued as a subsidiary of the company, Front Yard Residential, must now comply with additional regulations in order to operate in Minneapolis. The conditions include: A 6 month moratorium on acquiring new properties. Attending…
