Find more information on the issues deeply affected by private equity investments:
Citing landlord abuses and property neglect, tenants and homeowners associations are leading the pushback against private equity’s increasing investments in single family rentals. State officials and the Biden administration are also increasing pressure against institutional investors to keep housing affordable,…
A new report was released last week by Action Center on Race and the Economy, Private Equity Stakeholder Project and Center for Popular Democracy. “The National Rental Home Council: How America’s Largest Single-Family Landlords Put Profit Over People”…
After recent critical media coverage of private equity firms’ behavior in the housing market as revealed by the Pandora Papers, Sen. Elizabeth Warren sent letters to Progress Residential, Invitation Homes and American Homes 4 Rent, companies and…
Focusing on three urban Florida counties, Elizabeth Strom of the University of South Florida and Denise Ghartey of the Community Justice Project wrote in January in Shelterforce that they had identified 95 landlords that received some form of…
In January the US Senate Committee on Banking, Housing, and Urban Affairs hosted a virtual briefing and listening session with renters from across the country to hear about their experiences living in rental properties owned by large corporate owners,…
Bloomberg looked at how private equity money pouring into single family home purchases is turning first-time homebuyers into renters. Bloomberg Businessweek, February 18, 2022: Wall Street Is Buying Starter Homes to Quietly Become America’s Landlord It…
On February 10, 2022, Minnesota Attorney General Keith Ellison announced that he had filed a lawsuit against Havenbrook Homes, Front Yard Residential, and Pretium Partners, which collectively own more than 600 single-family residential rental properties in Minnesota. The lawsuit…
Last Spring, More Perfect Union released a video that described how “the former head of mortgage and credit investments at Goldman Sachs, Don Mullen Jr. — the man who famously made millions off predicting and exacerbating the national housing crisis…
While the 2009 recession was a financial sinkhole for millions of Americans with more than 3.7 million households being foreclosed upon, ProPublica reported on how private equity-backed companies scooped up tens of thousands of single-family homes lost to foreclosure at…
The US Senate Committee on Banking, Housing, and Urban Affairs this week is holding a tenant listening session (February 8, 10:00 AM EST) and a hearing (February 10, 10:00 AM) on “How Institutional Landlords are Changing the Housing…
Private equity firms and other corporate landlords filed to evict at least 123,761 families in various counties in Georgia, Florida, Texas, Arizona, Tennessee, and Nevada in 2021. Since the start of the pandemic, corporate landlords have filed at least…
Cerberus Capital Management has raised tens of billions of dollars from institutional investors, such as pension funds, university endowments, and foundations. Institutional investors should assess whether the returns generated by Cerberus’ investments are adequate for the risks they entail.
