Find more information on the issues deeply affected by private equity investments:
Since September 2022, Atlanta-based journalism outlet 11Alive News has been publishing a series of televised news stories about ongoing issues Progress Residential. Owned by private equity group Pretium…
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.
The Washington Post found that apartments sold to private investors and real estate trusts rose from 44 percent in 2011 to 70 percent in early 2022, with few benefiting more than Starwood Capital Group. Over the past seven years,…
A new PESP report detailing the North Carolina Retirement System’s (NCRS) history of investing over $3.2 billion in the private equity firm Landmark Partners has gained media coverage by the NC press. WUNC reported how PESP lays out Landmark Partners’…
There has been substantial media coverage of Oregon Senator Jeff Merkley’s introduction of legislation aimed at limiting hedge fund and private equity ownership of residential housing. KZTV, November 30, 2022: Merkley introduces bill to ban hedge fund ownership of…
“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…
“They are one of the worst landlords in our service area. They charge improper, or in some cases, illegal fees, they lock people out of the [online] rent portal when the tenant doesn’t pay these improper fees, they give the tenant…
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…
Investing In The Housing Crisis An exploration of the North Carolina public pension system’s relationship with Landmark Partners and the Single Family Rental industry A new report by PESP researchers Jordan Ash and Madeline Bankson, with contributions from Amee…
New Report Reveals How North Carolina Retirement Systems’ Private Equity Investments Support Controversial Corporate Landlord Progress Residential Charlotte, NC – Private Equity Stakeholder Project (PESP), Action NC, and Renters Rising released a new …
Progress Residential, with over 85,000 single-family rental (SFR) homes, is now the largest SFR owner in the U.S., surpassing Invitation Homes. The company has been growing at a rapid rate, accompanied by criticism and protests from tenants and community…
Law360 has been reporting “how Phoenix is at the forefront of the rolling transformation of tens of thousands of single-family homes into corporate rentals.” Law360, October 19, 2022: Wall Street’s Single-Family Home Grab, Phoenix — Part 5; Where…
