Find more information on the issues deeply affected by private equity investments:
In 2020, private equity firm the CIM Group purchased the Southern Towers apartment complex in Alexandria, Virginia. CIM receives funding from several pension funds including the Pennsylvania Public School’s Employees’…
The Federal Housing Finance Agency (FHFA) is responsible for the oversight of Fannie Mae and Freddie Mac, federally backed mortgage institutions that were created with the goal of improving the US housing market. On May 30, 2023, FHFA issued a…
The Los Angeles-based private equity firm CIM Group has been struggling to raise its current infrastructure fund, CIM Infrastructure Fund III. The fund was launched in the summer of 2021 and sought to raise between $1.5 billion to…
The Federal Housing Financial Agency (FHFA) was created with the purpose of increasing access to safe, affordable, and equitable housing. Tasked with the oversight of Freddie Mac and Fannie Mae, the stated values…
“We all know it’s because of private equity firms, because of investors…” Rep. Rashida Tlaib (D-MI) PESP Submits Statement about Private Equity and Rising Housing Costs On July 14, a House Financial Services Subcommittee held a hearing seeking to pin…
Environmental, Social and Governance (ESG), is a framework that prioritizes the consideration of the ethical impacts of investments, company leadership decisions, and even environmental waste in regards to how an organization or company functions. Though there are currently…
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.
