The new report, which was authored by GSU professor Taylor Shelton and Rutgers researcher Eric Seymour, shows that in Atlanta three corporate landlords own 19,000 single-family rental homes, “These companies own tens of thousands of properties in a relatively select set of neighborhoods,” GSU’s Shelton said, “which allows them to exercise really significant market power over tenants and renters because they have such a large concentration of holdings in those neighborhoods,”
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Three companies own more than 19,000 or nearly 11% of rental houses in metro Atlanta
“Corporate landlords like places that are growing, and they like places where housing is relatively cheap,” Shelton said. “But the other box that Atlanta checks is that we have very lax tenant protections.” To address the situation, Shelton and his fellow researchers (Eric Seymour) decided to make their methods of investigation available to the public.
Study reveals corporate landlords own 11% of metro Atlanta’s single-family rental homes
Dr. Taylor Shelton, an assistant professor in the Department of Geosciences at Georgia State University, along with his collaborator Dr. Eric Seymour of Rutgers University, has shed light on the alarming concentration of single-family rental homes in metro Atlanta.
Researchers Find Three Companies Own More than 19,000 Rental Houses in Metro Atlanta
Shelton, an assistant professor in the Department of Geosciences at Georgia State, along with his collaborator Eric Seymour of Rutgers University, investigated the ownership of rental homes in metro Atlanta and found that more than 19,000 were owned by just three companies — Invitation Homes, Pretium Partners and Amherst Holdings.
Prof. Eric Seymour co-authors Horizontal Holdings: Untangling the Networks of Corporate Landlords
Three firms control more than 19,000 single-family homes across the five core counties of Metro Atlanta, using an extensive network of more than 190 corporate aliases—registered to seventy-four different addresses across ten states and one territory.
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