Find more information on the issues deeply affected by private equity investments:
The report highlights housing policies that would curb abuses by corporate landlords and existing housing laws. Today, the Private Equity Stakeholder Project (PESP) released the latest installment of its Tools for Tackling Corporate Landlords policy report series, which focuses…
Tenant advocates and government officials are expressing mounting concerns over the acceleration of corporate investment in housing. Housing financialization first gained momentum following the 2007-2008 mortgage crisis when Wall Street firms acquired foreclosed homes en masse. In recent years, the…
In The Atlantic piece, “The Secretive Industry Devouring the U.S. Economy,” author Rogé Karma examines how private equity has taken one-fifth of formally publicly-traded companies off the market and effectively hidden them from investors, the media, and regulators.
Tenants call on CalPERS to halt investments in Blackstone due to role in fueling housing crisis Tenants of Blackstone-owned properties spoke at a November 13 meeting of the California Public Employees Retirement System…
On August 29th, tenants, community members, and faith leaders staged a protest and vigil at the Southern Towers Apartment Complex in Alexandria, Virginia. The action marked the third anniversary since private equity firm…
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’…
As previously mentioned on the Private Equity Stakeholder Project blog, technology can be utilized by private equity firms, landlords, and other corporate actors to drive up profit at the expense of tenants. One…
Last month, Teen Vogue published a story explaining the private equity industry and the sectors in which PE firms invest. The private equity industry, known for its leveraged buyout practices, is criticized for prioritizing profit over the well-being of purchased…
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. …
On July 21, 2023 the Federal Housing Finance Agency (FHFA) announced that it was proposing amendments to the existing Suspended Counterparty Program (SCP) regulation. FHFA proposes to expand the categories of covered misconduct on which a suspension could be based…
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…
On August 23, 2023, the Securities and Exchange Commission (SEC) adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and…
