Find more information on the issues deeply affected by private equity investments:
On June 11, 2024, the Federal Housing Finance Agency (FHFA) issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to…
A story from Next City profiles the End Hedge Fund Control of American Homes Act, a bill supported by the Private Equity Stakeholder Project. Next City, March 28, 2024: “Meet the Bill To…
Today, the Department of Justice and eight states including California and North Carolina filed a lawsuit against RealPage, the controversial private equity-owned real estate software company. The lawsuit accuses RealPage of enabling collusion among landlords to engage…
In 2019, TPG Real Estate Finance Trust (which is under TPG Capital) gave K3 Holdings, a real estate investment firm, the financial backing to purchase over 400 housing units across 14 Los Angeles multi-family properties.
A recent story in The Wall Street Journal profiles the new Responsible Property Management Standards (RPMS) Policy adopted by the New York City Employees Retirement System (NYCERS). Wall Street Journal, July 17, 2024:…
In July, the San Diego County Board of Supervisors approved a proposal to address corporate landlords who contribute to an already difficult affordable-housing situation.[1] At a rally organized by ACCE (Alliance of Californians for…
The Private Equity Stakeholder Project (PESP) and the Alliance of Californians for Community Empowerment (ACCE) have published an analysis of private equity giant Blackstone’s profit-seeking practices in California as residents suffer amidst one of the nation’s worst…
To download a PDF version of this report, click here. Table of Contents Key Points About Blackstone Blackstone Goes on a Buying Spree Blackstone Hikes Rents in San Diego Blackstone Ramped Up…
PESP and MHAction’s Manufactured Housing Tracker was featured in a story from MLive examining Michigan’s disproportionate share of private equity-owned manufactured housing parks. MLive, June 13, 2024: “As…
The New York City Employees Retirement System (NYCERS), the pension fund for New York City employees, recently adopted a Responsible Property Management Standards (RPMS) Policy to support and encourage fair rental practices by investment managers with which…
In May, the FBI raided the Atlanta headquarters of apartment manager Cortland Management as “part of an ongoing investigation by the U.S. Department of Justice into potential antitrust violations in the multifamily housing industry”, according to the company.
Once again, landlords associated with the property management software RealPage find themselves in hot water. On May 22nd, the FBI raided Cortland Management, an Atlanta-based multifamily property developer.
