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Eviction Actions by Corporate Landlords Increase Despite CDC Moratorium, Recent Surge in COVID-19 Cases

On September 1, the US Centers for Disease Control and Prevention (CDC) announced a moratorium on residential evictions through the end of the year to help limit the spread of COVID-19, noting:

“In the context of a pandemic, eviction moratoria—like quarantine, isolation, and social distancing—can be an effective public health measure utilized to prevent the spread of communicable disease. Eviction moratoria facilitate self-isolation by people who become ill or who are at risk for severe illness from COVID-19 due to an underlying medical condition. They also allow State and local authorities to more easily implement stay-at-home and social distancing directives to mitigate the community spread of COVID-19. Furthermore, housing stability helps protect public health because homelessness increases the likelihood of individuals moving into congregate settings, such as homeless shelters, which then puts individuals at higher risk to COVID-19.”

The CDC’s eviction moratorium is especially important given the current dramatic surge in COVID-19 cases across the US.

Yet despite the eviction moratorium and the dramatic increase in new COVID-19 cases nationwide, private equity firms and other corporate landlords have steadily filed more evictions to remove residents from their homes in the geographies the Private Equity Stakeholder Project has been tracking (in AZ, TX, FL, GA, and TN).

Large landlords have filed more than 5,100 cases in these geographies just since the beginning of November (through Nov 20), up from October and September. The Private Equity Stakeholder Project has identified more than 19,000 eviction actions filed by private equity firms and other corporate landlords since the CDC Eviction Moratorium was announced on September 1.

Some of the largest landlords in the US, including Greystar Real Estate Partners, Mid-America Apartment Communities, Starwood Capital, Cortland Partners and the Praedium Group have filed to evict residents in recent weeks. See list below.

Many of these cases are evictions for nonpayment of rent, which are specifically covered by the CDC eviction moratorium.

An organization violating the CDC eviction moratorium may be subject to a fine of up to $200,000 per event.

Recent media coverage:

“Large corporate landlords have filed 10,000 eviction actions in five states since September,” NBC News, Oct 26, 2020.

“U.S. evictions surge amid pandemic despite federal ban,” Reuters, Oct 5, 2020.

Corporate Landlords Are Still Filing Eviction Cases After CDC Order, Data Show,” VICE News, Sept 28, 2020.

Eviction Filings by Big Landlords Surged After Trump Issued Ban,” Bloomberg, Sept 14, 2020.

Eviction filings since November 1 (select counties in AZ, FL, TX, GA, and TN)

Landlord Filings since Nov 1
Ventron Management 157
S2 Capital 131
Mid-America Apartment Communities 103
Western Wealth Capital 97
Madera Residential 71
Olive Tree Holdings 70
Progress Residential 65
Camden Property Trust 59
Weidner Apartment Homes 46
IMT Residential 46
Main Street Renewal/ Amherst Holdings 42
Invitation Homes 42
InterCapital Group 41
American Landmark Apartments 39
Dominium Apartments 37
Home Partners of America 35
Bridge Investment Group 32
Pacifica Companies 29
Greystar Real Estate Partners 27
Highland Capital/ Nexpoint Advisors, L.P. 27
TruAmerica Multifamily 24
Carlyle Group 24
Federal Capital Partners 24
Eaton Vance 24
Colrich 23
Gables Residential 22
Pennybacker Capital 21
Carter Multifamily 21
Resource Real Estate 20
Praxis Capital 16
Republic Funds 16
Peak Capital Partners 16
Oaktree Capital 16
Front Yard Residential 16
Cortland Partners 16
FPA Multifamily 14
29th Street Capital 14
Steadfast Companies 14
GEM Realty Capital 13
JRK Property Holdings 13
GWR Equities LLC 13
Benedict Canyon Equities 12
CBRE 11
Bell Partners 11
Investcorp 10
Carroll Organization 10
Electra America 10
Berkshire Residential Investments 10
Crow Holdings 10
UDR 9
NRP Group 9
Aimco 9
Harbor Group International 9
Turner Impact Capital 8
DRA Advisors 8
Equity Lifestyle Properties 8
Alden Torch 8
Covenant Capital Group 8
Nuveen/ TIAA-CREF 7
The Praedium Group 8
Waterton Residential 7
Abacus Capital Group 6
Chetrit Group 6
Ares Management 6
Fairfield Residential 6
Knightvest Capital 5
Clarion Partners 5
AEW Capital Management 5
UBS Realty Investors 4
Westdale Real Estate Investment and Management 7
RREEF 4
True North Management Group 4
MetLife 4
Invesco 4
Sares Regis Group 3
Waypoint Real Estate Investments 3
PGIM 3
Pacific Coast Capital Partners 3
Starwood Capital Group 3
Redwood Capital Group 3
Almanac Realty Investors 3
KBS Strategic Opportunity REIT 3
Merion Realty Partners 2
Rockwood Capital 2
Laramar Group 2
Thor Equities 2
Related Companies 2
AIG Global Real Estate 2
Brookfield Asset Management 2
Transwestern 1
Mesirow Financial 1
Northwood Investors/ Ravin Partners 1
Tricon Capital 1
TA Realty 1
Yes! Communities 1
Timberland Partners 1
BSR REIT 1
Fundamental Advisors LP 1
Harrison Street Real Estate Capital 1
Canyon Partners, LLC 1
Boston Capital Real Estate 1
BH Equities 1
Heitman 1
JPMorgan 1
Artemis Real Estate Partners 1

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