Media Roundtable: ProPublica investigates how private equity firms have stormed into the apartment market
On this edition of Your Call's media roundtable, we discuss a Propublica investigation about how, with the help of the US government backed Freddie Mac, giant private equity firms have been buying up apartment buildings en masse to squeeze them for profit.
During the past decade, firms like Greystar have stormed into the multifamily apartment market, snapping up rentals by the thousands and becoming major landlords in American cities, according to ProPublica’s analysis of National Multifamily Housing Council data on the nation’s biggest owners of apartment buildings with five or more units.
Heather Vogell, award winning investigative reporter for ProPublica
ProPublica: When Private Equity Becomes Your Landlord