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.
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.
“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.
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.
Kathe Newman (Ralph W. Voorhees Center for Civic Engagement) and Prof. Seymour receive Rutgers Equity Alliance for Community Health (REACH) grants
The grant is among the first round of two-year, $4 million funding from REACH. The university wide presidential initiative aims to join community-based organizations, leaders and residents with university researchers, teachers and students to find ways to improve health and quality of life outcomes in three N.J. cities facing food insecurity, high unemployment, low high school graduation rates and low household incomes.
Research: Eric Seymour co-authors new paper: How Private Equity Landlords Prey on Working-Class Communities of Color
The paper focuses on the Atlanta region and describes the factors contributing to the increase of private equity and real estate investment trusts in single-family home ownership, and how this affects low-income working-class communities of color.
Professor Eric Seymour’s latest research examines trends in evictions and filings associated with extended-stay and single-family rentals in the Las Vegas area.
The pandemic housing market has been especially tough for homebuyers looking at the lower end of the price spectrum, so many are looking at alternative financing through land contracts, which can be particularly predatory. While it can be a potential path toward...
The study draws on home sale price data in the Detroit tri-county area from 2008–2013. Results indicate REOs owned by HUD and private entities are associated with substantial discounts.