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Find more information on the issues deeply affected by private equity investments:
NPR Continues Its Scrutiny of Pretium Partners’ Disproportionate Evictions of Black Renters
NPR correspondent Chris Arnold has been reporting on the financial struggle millions of Americans are facing amidst the ongoing coronavirus pandemic. In his third piece on how Black renters face eviction at much higher rates, Arnold again reported on…
Business Insider on Wall Street Firms Snapping Up Every Single Home They Can Find
Business Insider recently reported how Wall Street firms have been buying up thousands of homes — to rent them out to the same population they’re outbidding. Business Insider, June 16, 2021: Wall Street firms like BlackRock are snapping up…
The New York Times: Mobile Home Owners Fear Evictions as Pandemic Protections End
The mobile home financing market is dominated by five lenders, including 21st Mortgage and Vanderbilt Mortgage — two units of Clayton Homes, a Berkshire Hathaway business. Forty-two percent of manufactured home owners who borrow to buy a mobile home typically…
PERE News on Growing Scrutiny of Evictions by Ares Management’s and Pretium Partners’ Front Yard Residential, Private Equity Investments in Rental Homes
Evictions are just one of the headline risks that have cropped up around growing private equity investments in single-family rental homes. Concerns about private equity buyers inflating home prices and elbowing out first-time homebuyers have featured prominently in newspapers ranging…
Ares Management’s Head in the Sand Response to its Company’s Evictions of Black Renters
Private equity, real estate, and debt firm Ares Management last year partnered with Pretium Partners to acquire home rental firm Front Yard Residential. Months ago, we shared our report and data with Ares management documenting Front Yard Residential’s…
Senate Banking Chair Questions Why Pretium Partners Has Filed Eviction Actions Despite the CDC Moratorium and at Higher Rates in Majority-Black Counties
In response to coverage by NPR and Bloomberg, Senate Banking Committee Chair Sherrod Brown is requesting a briefing by private equity firms Pretium Partners to talk about compliance with the CDC eviction moratorium and the company filing…
NPR: Corporate Landlord Evicts Black Renters At Far Higher Rates Than Whites, Report Finds
NPR shared the story of Katrina Chism, a single mother in Atlanta whose landlord is Front Yard Residential, owned by private equity firms Pretium Partners and Ares Management. According to Chism, her landlord refused to accept federal rental assistance money…
Evictions Continue Despite Ongoing Federal Moratorium; Veterans Hard Hit: May 2021 Evictions Data
As we commemorate the women and men who died while serving in the U.S. military, we look at those veterans struggling with evictions and ultimately homelessness. The Private Equity Stakeholder Project has tracked eviction filings by private equity firms and…
PESP Joins with The National Housing Law Project and The National Low Income Housing Coalition to Urge Enforcement of the CDC Moratorium by the Federal Housing Finance Agency
The National Housing Law Project, The National Low Income Housing Coalition, and the Private Equity Stakeholder Project delivered a letter earlier this month to Federal Housing Finance Agency (FHFA) Director Mark Calabria, urging him to take action against landlords…
CBS News: Feds Target Evictions by Some of America’s Biggest Landlords
CBS News featured research by the Private Equity Stakeholder Project which showed that large and private-equity backed landlords have been filing tens of thousands of evictions since the CDC’s eviction moratorium order was passed. Private equity firms and other…
The New York Times: The Biden Administration Warns Big Landlords to Comply with the Freeze on Evictions
Last week, officials with the Federal Trade Commission and the Consumer Financial Protection Board sent out letters to dozens of debt collectors and major landlords who collectively house more than two million people, including the The Carlyle Group, Morgan Stanley,…
