Find more information on the issues deeply affected by private equity investments:
California is facing a housing crisis where high home prices and rents persist despite a decline in population and an increase in housing units, according to a new article from the Los Angeles Times. …
The New York Times examined the increase in corporate landlord-owned single family rental homes, noting “Wall Street has come for the starter home. First-time buyers, who overwhelmingly rely on mortgages, were often outmatched by…
Citing PESP’s work throughout the article, Tablet investigated how Blackstone optimizes profits in its real estate holdings through: “maximum allowable rent increases, evictions, the rise of…
NBC investigated the behavior of private equity landlord Progress Residential, and featured Inquilinos Unidos Por Justicia/ United Renters for Justice (IX), a Minneapolis tenant organization that “has won rent freezes, refunds and other…
CalMatters reported how two years ago, “Blackstone bought 66 relatively low-rent apartment buildings in San Diego County from a charitable foundation. Tenants of those 5,800 dwellings say they see rent increases, maintenance issues and evictions in their futures.” CalMatters,…
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…
Asking the question, “What does it mean when your family’s home is owned by a private equity firm?” Next City Executive Director Lucas Grindley talked with housing correspondent Roshan Abraham about his reporting on Inquilinxs Unidxs Por Justicia (IX),…
CNBC reported on how institutional investors “may control 40% of U.S. single-family rental homes by 2030” and how “a group of Washington, D.C., lawmakers say Wall Street needs to back away from the market.” CNBC, February 21, 2023: Wall…
Articles published by the Financial Times and Business Insider reported how “investment giant Blackstone has increased its eviction filings in the South and the West,” filing hundreds of eviction cases against its tenants in Georgia and Florida. Financial Times, January…
A new article from Hawai’i Business Magazine covers the effect of Blackstone and other firms in Hawai’i’s West Oahu rental market, relaying tenants’ experiences with rising rents and added fees. Hawai’i Business Magazine:…
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…
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…
