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,”
Topic
Eric Seymour
New Paper on Affordable Rental Housing by NJSOARH
A new article by the NJSOARH team examines the difficulty of enumerating the number of federally subsidized housing units and provides a method of reconciling data sets at the parcel level to identify housing needs and rental stock.
New Paper on Foreclosure Crisis by Prof. Eric Seymour
A new paper by Eric Seymour and Josh Akers investigates outcomes associated with properties sold using land contracts signed between 2008 and 2015 in Detroit, leveraging real estate transaction, tax foreclosure, and eviction and land contract forfeiture records
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.
‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day
“As these companies settled in as landlords, they’ve also made bulk deals with competitor firms to grow or shed their presence in particular markets. They are essentially trading with each other to enhance the performance of their overall inventory.”
Prof. Eric Seymour co-authors The Metropolitan and Neighborhood Geographies of REIT- and Private Equity-Owned Single-Family Rentals.
Consistent with prior research, the authors find that large publicly traded entities purchased homes in growing Sunbelt metros, yet some specific firms target weaker-market metros.
North Las Vegas homes have a Wall Street problem
Housing experts, including Rutgers University’s Eric Seymour, highlight the impact of corporate landlords in Las Vegas, who often outbid individual homebuyers and contribute to the unattainability of homeownership for many.
Upcoming Events
Undergraduate New Student Information Session for Fall 2024 Majors
Bloustein School, Civic Square Building 33 Livingston Avenue, New Brunswick, NJ, United StatesIn-Person Session August 27th The Bloustein School is hosting the annual undergraduate student orientation for new majors on Tuesday, August 27, 2024. Newly enrolled direct-admit students in Planning and Public Policy, […]
International Student Resources Information Session and Panel
VirtualMeet your Bloustein Graduate student services/career team and the Bloustein Liaison to our international students. The second hour will be a panel of international alumni who will share their journey […]
Virtual Career Drop-ins
VirtualStop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]
Virtual Career Drop-ins
VirtualStop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]
Virtual Career Drop-ins
VirtualStop by virtually on Mondays (except for holidays) beginning September 9th through December 16th between 11 am and 1 pm to ask a quick (15 min) career-related question of Bloustein […]