Find more information on the issues deeply affected by private equity investments:
Pretium Partners’ Don Mullen is attempting to win back the good graces of lawmakers. In an open letter released the same day the Biden administration launched new federal housing guidelines, the private equity CEO encouraged the White House and…
In the “first such proposal aimed at combating the growth of Wall Street-backed firms that have converted tens of thousands of homes to rentals across the country over the past decade,” Democratic lawmakers in some of…
On October 20, 2022 the Federal Trade Commission (FTC) announced that it was exploring a rule to crack down on junk fees proliferating throughout the economy. The FTC described “junk fees” as “unnecessary, unavoidable, or surprise charges that inflate costs…
Progress Residential’s troubles in Minnesota continued as a subsidiary of the company, Front Yard Residential, must now comply with additional regulations in order to operate in Minneapolis. The conditions include: A 6 month moratorium on acquiring new properties. Attending…
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…
NPR was one of several media outlets reporting on the findings of a yearlong investigation by a Congressional subcommittee on four corporate landlords that “were quick to push out renters during the pandemic, and filed nearly three times…
Marketwatch joined other media outlets in covering the report published by the House Select Subcommittee on the Coronavirus Crisis’ investigation into the eviction actions of four corporate landlords Marketwatch, July 29, 2022: Corporate landlords harassed…
The Select Subcommittee on the Coronavirus Crisis released a new staff report with findings from its year-long investigation into the eviction practices of four large corporate landlords during the first 16 months of…
Private Equity Stakeholder Project Executive Director Jim Baker joined with representatives from the Action Center on Race and the Economy (ACRE) and the Georgia Institute of Technology at the US House Committee on Financial Services: Where Have…
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…
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…
