Find more information on the issues deeply affected by private equity investments:
The Private Equity Stakeholder Project (PESP) and Alliance of Californians for Community Empowerment (ACCE) released a new report, “Blackstone Comes to Collect: How America’s Largest Landlord and Wall Street’s Highest Paid CEO Are Jacking Up Rents…
*Blackstone Tenants available for interview in English and in Spanish* As Homelessness Surges, New Report Shows Blackstone Eliminating Thousands of Affordable Housing Units with Rent Hikes: Blackstone Tenants Union to Host Town Hall with San Diego…
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…
The use of automation to improve profit outcomes for large corporations is not a new phenomenon.[1] Even before the creation of computers and cellphones, technology has been used by those in power to lessen the amount of…
Tenants, retirees and community allies across North Carolina have been organizing around the North Carolina Retiree System’s (NCRS) investment in Progress Residential, observing the negative impact the company has had on the residents and communities of North Carolina. PESP’s testimony…
A new post from the Mapping Atlanta blog project investigates Atlanta’s corporate rental landscape, adding important nuance to an already active discussion around renters’ rights, race, extraction, and power. Authored by Taylor Shelton, Assistant Professor of Geosciences at Georgia…
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…
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…
