Find more information on the issues deeply affected by private equity investments:
Reuters reported how corporate investors “piled into the U.S. property market during the COVID-19 pandemic, in part as many smaller landlords were hit hard by non-payment from tenants who were protected by eviction moratoria.” See: Reuters; The…
Tenants from African Communities Together protested and spoke to the University of California Regents about their investment in the CIM Group: WATCH VIDEO OF THE ACTION. On the morning of January 17th, chants of “C-I-M, SHAME ON…
In 2020, the private equity firm CIM Group purchased Southern Towers, a five-building apartment complex of over 2,000 units in Northern Virginia. For decades, Southern Towers has been home to thousands of hardworking blue-collar families, many of whom are African…
Private equity firm Cerberus Capital management is providing the world with yet another example of how the past year’s record inflation has been largely caused by corporate greed and excessive profits. On January 17, the Washington…
The CIM Group is a private equity real estate firm based in Los Angeles, CA. The last four CIM real estate funds have underperformed their peers, posting returns in the third and fourth (i.e. bottom) quartiles. For instance, CIM Fund VIII…
People’s Action’s Homes Guarantee campaign has drafted an executive order for President Biden, with the hopes of addressing the nation’s housing crisis. The executive order draft was signed by over 250 organizations including the Private Equity Stakeholder Project.
“That has put tenants and landlords on a collision course. The battle between the Southern Towers tenants and CIM could presage what’s to come across America.” A recent Insider article detailed problems at the Southern Towers apartment complex in Northern…
On September 21st, 2022, a tenant representative from Southern Towers attended the annual Council for Institutional Investors (CII) Fall Conference, and spoke on a panel titled, “Responsible Investment in Residential Real Estate.” The tenant informed conference attendees about…
Gentrification is a nation-wide problem that is only being exacerbated by collaborations between private equity firms and large developers. Through buying large properties, private equity firms push out small businesses and families who have lived in communities for…
Private equity firm CIM Group in 2020 acquired Southern Towers, a collection of large apartment buildings in Alexandria, Virginia with more than 2,300 units that is home to many African immigrants, and has since filed to evict residents…
