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.
Topic
Eric Seymour
‘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.
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.
Seymour – Corporate Landlords and Pandemic and Prepandemic Evictions in Las Vegas
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.
Housing: What is a land contract? Advantages, disadvantages of the homeownership practice
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...
Research: The impact of current and former REOs across owner types: the case of Detroit
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.
Biden housing plan includes first attempts to slow corporate landlords active in NC
But until such legislation is passed, some experts say governments might be limited in how they can regulate corporate landlords. “There’s not a whole lot that the government can do directly to intervene,” said Eric Seymour, a Rutgers University housing researcher and...
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