Corporate landlords are hoarding real estate and holding it ransom to capitalize on the housing crisis. The world’s largest private landlord, Blackstone, holds more than $300 billion in real estate assets under management (AUM). In one deal this past June, Blackstone bought 17,000 single-family homes across the US to extract rental income from tenants. That same month, Brookfield acquired a controlling stake in a landlord which owns more than 10,000 U.S. rental homes. The ten largest managers account for 37% of total global AUM. Each of these companies posted total AUMs of over $90 billion.
Source: INREV Fund Manager Survey 2021
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[…] for “affordable housing” when they make money from it. Folks have already discussed how the monsters are hoarding housing, but because all the news outlets are owned by wealthy people, there is no incentive to be honest […]
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how can this be?
On Wed, Sep 29, 2021 at 8:58 AM The Decolonial Atlas wrote:
> decolonialatlas posted: ” Corporate landlords are hoarding real estate and > holding it ransom to capitalize on the housing crisis. The world’s largest > private landlord, Blackstone, holds more than $300 billion in real estate > assets under management (AUM). In one deal this past Jun” >
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because the government is captured by corporate rule.
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wondering how nuveen ties in with the obama center.
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