Find more information on the issues deeply affected by private equity investments:
Private Equity Stakeholder Project (PESP) Executive Director Jim Baker testified in front of the U.S. House Subcommittee on Oversight & Investigations at: “Where Have All the Houses Gone? Private Equity, Single Family Rentals, and America’s Neighborhoods.” This hearing spotlighted…
In May, North Carolina journalists launched an article series investigating the impact of Pretium and other corporate real estate investors on the state’s housing market. Charlotte Observer, May 9, 2022: Wall Street Landlords Are…
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…
The housing crisis in the United States continues to rage on, with rents rising to historic levels across the country, especially for single family rentals (SFR). Unfortunately, not all Americans are impacted equally, with communities of color seeing…
Tenants of HavenBrook Homes are taking action in response to what they say are prolonged health and safety issues in their rental homes. Minnesota Reformer, May 19, 2022: Tenants withhold rent from hedge-fund owned HavenBrook Homes to force repairs…
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…
