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Eviction Filings by Private Equity Firms and Other Large Landlords Surge Despite CDC Eviction Moratorium

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.”

Yet eviction filings, including evictions by private equity firms and other corporate landlords, have surged in a number of states in the weeks since the moratorium was announced.

The Private Equity Stakeholder Project reviewed eviction cases filed in Maricopa County, Arizona (Phoenix), Harris County (Houston) and Tarrant County, Texas (Ft. Worth), Shelby County, Tennessee (Memphis), DeKalb and Clayton Counties in Georgia (Atlanta), and several counties in Florida (Miami, Ft. Lauderdale, Palm Beach, Orlando, Tampa, Jacksonville) and found more than 3,500 eviction cases filed by private equity firms and other corporate landlords since the CDC eviction moratorium was announced.

Despite the CDC eviction moratorium, eviction filings by private equity firms and other large landlords appear to be accelerating. Large landlords filed at least 964 cases in the week after the CDC moratorium was announced. Last week (September 14-20), they filed more than 1,900 eviction cases in the cities listed.

Media coverage:

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

“How Does the Federal Eviction Moratorium Work? It Depends Where You Live,” New York Times, Sept 16, 2020.

“The CDC banned evictions, but some renters are still vulnerable,” CNBC, Sept 10, 2020.

“These 62 landlords received at least $60 million in taxpayer bailouts. Now they are evicting tenants.” Popular Information, Sept 15, 2020.

Affiliates of some of the largest landlords in the country have filed to evict tenants since the CDC moratorium was announced on September 1, including Greystar Real Estate Partners (693,000 apartments managed, 140,000 owned), Mid America Apartment Communities (100,000 apartments), Invitation Homes (80,000 rental homes), Starwood Capital (75,000+ apartments and rental homes), and Yes! Communities/ Stockbridge Capital (56,000 mobile home sites).

Several landlords have filed a disproportionate number of eviction cases since September 1, including Ventron Management (162 cases), Western Wealth Capital (94 cases), Blue Magma Residential (87 cases), Crown Bay Group (74 cases), and Onni Group (74 cases).

The companies that have filed evictions since the CDC eviction moratorium was announced also include affiliates of a number of large asset managers with trillions of dollars in assets combined, including The Carlyle Group, Eaton Vance, Prudential, UBS, JPMorgan, New York Life, Nuveen/TIAA-CREF, LaSalle Investment Management, Highland Capital, Angelo Gordon & Co, and AEW Capital Management.

A list of landlords that have filed evictions since the CDC moratorium was announced is below.

In some counties, eviction filings by private equity firms and other corporate landlords have accounted for the overwhelming majority of cases in recent weeks.  For example, in DeKalb County, Georgia, large landlords filed at least 550 of the 656 eviction cases filed there last week (Sept 14-20).

LandlordEviction Cases Filed Since Sept 2
Ventron Management, LLC 162
Western Wealth Capital 94
Blue Magma Residential 87
Crown Bay Group 74
Onni Group 74
River Valley Communities 62
GoldOller Real Estate Investments 54
Avila Real Estate 52
Weidner Apartment Homes 48
InterCapital Group 47
Olive Tree Holdings 47
Villa Serena Communities 45
The Barry Company 44
Camden Property Trust 43
Priderock Capital Management 39
Asia Capital Real Estate Management (ACRE) 37
CAPREIT 37
Inwood Holdings 37
Bridge Investment Group 35
Invitation Homes 35
Cannell Capital Partners 33
Odin Properties 32
American Landmark Apartments 30
Benedict Canyon Equities 30
Stoneweg US 30
Republic Funds 29
Eaton Vance 28
Steadfast Companies 28
ColRich 27
S2 Capital 27
GEM Realty Capital 26
Northport Realty 26
The Walden Group 26
Carroll Organization 25
Gables Residential 24
Heers Management 24
Pro Residential 23
29th Street Capital 22
FPA Multifamily 22
Besyata Investment Group 21
Capital Real Estate 21
Forum Investment Group 21
Friedlam Partners 21
Mid-America Apartment Communities 21
Tzadik Management 21
3rd Ave Investments LLC 20
Highland Capital/ Nexpoint Advisors, L.P. 20
Jevan Capital 20
Next Round Asset Management 20
Amity Companies 19
The Carlyle Group 19
Melo Group 19
Front Yard Residential 18
Strata Equity Group 18
Sun Communities 18
Sureste Property Services 18
True North Management Group 18
Advenir 17
GPI Investment 17
Madera Residential 17
Provence Real Estate, LLC 17
Federal Capital Partners 16
Iliad Realty Group 16
Main Street Renewal 16
The Finger Companies 16
BH Equities 15
Klingbeil Capital Management 15
UDR 15
Bean Investment Real Estate 14
PGIM (Prudential) 14
The ValCap Group 14
Turner Impact Capital 14
YMP Real Estate Management 14
Atlantic Multifamily 13
Bellrock Management 13
Merion Realty Partners 13
Nitya Capital 13
WRH Realty 13
C-III Capital Partners 12
Grand Estates MHP Management 12
Millrock Development 12
Omninet Capital 12
Pacifica Companies 12
Yes! Communities 12
Price Realty Corporation 11
The Collier Companies 11
Tides Equities 11
GMF Capital 10
Greystar Real Estate Partners 10
MG Properties Group 10
Mosaic Residential 10
MVAH Partners 10
Ram Realty Advisors 10
The Richman Group 10
Turnstone Capital Management 10
AEW Capital Management 9
Colrich/ Harbert Management Corporation 9
Croatan Investments 9
Ginsberg Property Group 9
Hamilton Zanze 9
Lancaster Apartment Ventures 9
Maxx Properties 9
McKinley, Inc. 9
Mid-America Apartments 9
Peak Capital Partners 9
Sterling Group 9
Fairfield Residential 8
Fifteen Group 8
IMT Residential 8
Investcorp 8
Kairos Investment Management 8
Knightvest Capital 8
Liv Communities/ IPA 8
MLA Properties 8
Olympus Property 8
Sentinel Peak Capital Partners 8
Turnberry 8
Westmount Realty Capital 8
Arch Companies 7
Carter Multifamily 7
Coastline Group 7
Florida East Coast Realty 7
GAIA Real Estate 7
GFP Holdings 7
Interurban Companies 7
Lindemann Multifamily Management 7
Oxford Properties 7
Pacific Transwest Real Estate 7
Structure Capital, LLC 7
Sylvan Road Capital 7
TLR Group 7
AIMCO 6
Almanac Realty Investors 6
AMLI (Morgan Stanley) 6
Avanath Capital Management 6
Cardone Capital 6
Caspian Properties 6
Clear Capital, LLC 6
Crest Asset Management 6
Darwin German Real Estate Investments 6
ECI Group 6
Elite Street Capital 6
FLM Enterprises 6
Kairoi Residential 6
Momentum Real Estate Partners 6
NRP Group 6
NuRock Companies 6
Parkland Ventures 6
Read Property Group 6
REM Multifamily 6
White Eagle Property Group 6
37th Parallel Properties 5
Ambrus Asset Management 5
American Realty Investors 5
Aspen Square Management 5
Audubon Communities 5
Axiom Realty Partners, LLC 5
Blue Roc Premier 5
Deancurt Realty 5
FSC Realty 5
GR Partners 5
Grupe Companies 5
Jupiter Capital 5
King Rook Capital 5
Majority Capital Advisors 5
Nighthawk Equity 5
RAAMCO International 5
Resource Real Estate 5
Robbins Property Associates 5
Starwood Capital Group 5
Sutter Hill Developments 5
The Roxborough Group 5
The TREO Group 5
Transcendent Investment Management 5
Trilogy Real Estate Group 5
Virtu Investments 5
AV Properties 4
B/K Multifamily 4
Baron Properties 4
Bluerock Residential 4
Code Real Estate Partners 4
Cortland Partners 4
CWS Capital 4
CX Holdings LP 4
Eagle Property Capital 4
Emet Capital Management 4
Ergas Group 4
GDE Renovations 4
Green Courte Partners 4
Greyson Capital Group 4
Harbor Group International 4
Independence Realty Trust 4
JRK Property Holdings 4
Kettler 4
Landmark Homes 4
Mark-Taylor Companies 4
Milestone Group 4
Mill Creek Residential Trust 4
Monroe Group 4
MRT Realty Group 4
NorthEnd Equities LLC 4
Oro Capital Advisors 4
Park Drive Equities 4
Property Markets Group 4
Providence Management Company 4
Shephard Investment Group 4
Siegel Suites 4
Sundance Bay Multifamily 4
The Giddings Group 4
Three Pillars Capital Group 4
TriBridge Residential 4
Westdale Asset Management 4
Wexler Partners 4
White Oak Partners 4
Access Ventures 3
Acumen Global 3
Allen Harrison Company 3
AndMark 3
Ares Management 3
Atlantic | Pacific Companies 3
AvalonBay Communities 3
Boston Financial Investment Management 3
Brookfield Asset Management 3
Commerce Capital Partners 3
Core Realty Holdings Management 3
Crown Holdings Group 3
Dominium Apartments 3
Everest Properties 3
Falkin Platnick Realty Group 3
Fundamental Advisors LP 3
Goldelm Capital LLC 3
Grayco 3
Greystone 3
HM Equity Management 3
Home Partners of America 3
Hone Capital 3
Insula Companies 3
Intercontinental Real Estate Corporation 3
Lantower Residential 3
LaSalle Investment Management 3
LEM Capital, L.P. 3
McCann Realty Partners 3
MG Real Estate 3
NALS Apartment Homes 3
National Property Management Associates 3
Nuveen/ TIAA-CREF 3
Pelican Realty Management 3
Pensam Capital 3
Progress Residential 3
Sares Regis Group 3
The Altman Companies 3
Triangle Capital Group 3
Tricon Capital 3
Tricon Capital Group 3
Trinity Property Group LLC 3
Tudor McLeod Asset Management 3
Urban Communities Fund 3
Veritas Equity Management 3
Waterford Residential 3
Weinstein Properties 3
Pacific Oak Capital Markets Group 2
Abacus Capital Group 2
Abington Properties 2
Alliance Residential 2
Angelo Gordon & Co 2
Atlas Capital 2
Avantic Residential 2
Axonic Properties LLC 2
Bear Holdings Group 2
Berkshire Residential Investments 2
BH Management 2
Cambridge Management 2
Campus Apartments, LLC 2
Capital Square 2
Castle Lanterra Properties 2
Centennial Holdings 2
Central Florida Investments, Inc. 2
City Gate Property Group 2
Comfort Communities 2
Copperline Partners 2
Cypress Point Equity Partners 2
Davis Development 2
Gamma Real Estate 2
Garden Homes 2
Geringer Capital 2
GID 2
Heitman 2
JPMorgan 2
Lakeshore Management 2
LDG Development 2
Millennium Management 2
Next Fortune Capital 2
Northwood Investors/ Ravin Partners 2
ORIX Real Estate Capital/ Zaremba Residential 2
Pacific Capital 2
Pathfinder Partners 2
Pennant Group 2
Phoenix Realty Group 2
Praedium Group 2
Praxis Capital 2
Real Estate Inverlad 2
RHP Properties 2
Rivard Group 2
Sheiner Group 2
Simpson Housing 2
Southport Financial Services 2
Terra Vista Investment Management 2
The Barrington Group 2
The Coastline Group 2
The Connor Group (OH) 2
The Sterling Group 2
Venterra Realty 2
Watermark Residential 2
Abbey Residential 1
Affordable Housing Partners, Inc. 1
Alco Management 1
Ambrus Management 1
Atlas Rents 1
Autumn Lane Advisors 1
Avesta Homes LLC 1
Beachwold Residential 1
Bear Capital Partners 1
Beitel Group 1
BH3 Asset Management 1
Bigelow Companies 1
CED Cos. 1
Centennial Investment Properties 1
Cerberus Capital 1
Clarion Partners 1
Cocke Finkelstein 1
Dalcor Companies 1
Deancurt Realty Group 1
DEVAL LLC 1
Disrupt Equity Partners 1
Divvy Homes 1
Eagle Real Estate Investment 1
EBSCO Industries 1
Equity Lifestyle Properties 1
FCI Residential 1
FifeCo Capital LLC 1
Frankforter Group 1
Gamla Cedron Group 1
Gardner Capital 1
Harvest Properties 1
Hawthorn Senior Living Communities 1
Henley Investments 1
Holualoa Cos 1
Ilan Investments 1
Insite Realty Partners 1
Investors Capital Group 1
JK Properties 1
Keller Investment Properties 1
KENCO Residential 1
Lincoln Property 1
Maxus Properties 1
MBP Capital 1
New York Life 1
Northland Investment Corporation 1
Osprey Capital 1
Pierce Education Properties, L.P. 1
Pillar Communities 1
Promise Homes 1
Prospect Ridge Advisors 1
RADCO Companies 1
Read Property Group LLC 1
RealSource Residential 1
Rhodium Capital Advisors 1
Seneca Investments 1
Starlight Investments 1
Sunstone Properties Trust 1
Taft Forward Property Management Group 1
TESCO Properties, Inc 1
The Shoptaw Group 1
Turnstone Capital Management Group 1
UBS Realty Investors 1
Venue Investments 1
Wehner Multifamily 1
Whitaker Capital 1
Whiteco Residential, LLC 1
Wynkoop Financial 1

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