Lawsuits against RealPage move forward
As previously discussed on the Private Equity Stakeholder Project blog, the property management software corporation RealPage has been under scrutiny from several senators after the…
Explore the issues
Find more information on the issues deeply affected by private equity investments:
New report finds abuses by CIM Group
A new report by the Private Equity Stakeholder Project (PESP) and African Communities Together (ACT), found that since the Southern Towers Apartment Complex, located in Alexandria, Virginia, was purchased by the Los Angeles-based private equity firm…
Tenants takeover Washington DC, demanding rent regulations
On November 13th, Private Equity Stakeholder Project (PESP) staff traveled to Washington D.C. to participate in a Tenant Takeover. The multi-day convening was hosted by the People’s Action Homes Guarantee Campaign, and featured…
PESP supports Representative Smith’s and Senator Merkley’s End Hedge Fund Control of American Homes Act of 2023
On December 5, Representative Adam Smith (D-Wash.) and Senator Jeff Merkley (D-Ore.) teamed up to introduce the End Hedge Fund Control of American Homes Act of 2023. This legislation was introduced to address the growing problem of housing consolidation by Wall…
CIM Group: In the Headlines
Over the last 15 years, CIM has been the center of headlines in the New York Times, Washington Post, Los Angeles Times, and Wall Street Journal, among other media outlets. The news stories have covered a range of issues: CIM’s…
PESP releases new report on policies that are working to curb corporate landlord abuses
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…
Combatting Consolidation Through Pro-Competitive Policy Reforms: Portfolio Caps, Transfer Taxes, and Right of First Refusal Legislation
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…
The Atlantic : The Secretive Industry Devouring the U.S. Economy
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
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…
Tenants at CIM’s Southern Towers host vigil, and Alexandria city council
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…
Flooding in CIM Group’s Southern Towers profiled in local news outlets
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’…
RealPage controversy rages on as pension funds continue to invest
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…
