Find more information on the issues deeply affected by private equity investments:
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…
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…
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…
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…
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…
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 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…
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…
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’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…
NPR was one of several media outlets reporting on the findings of a yearlong investigation by a Congressional subcommittee on four corporate landlords that “were quick to push out renters during the pandemic, and filed nearly three times…
The Select Subcommittee on the Coronavirus Crisis released a new staff report with findings from its year-long investigation into the eviction practices of four large corporate landlords during the first 16 months of…
