Arizona Republic: Why 9 Arizona landlords are being sued over rent hikes — and what to do if yours goes up

Arizona Republic: Why 9 Arizona landlords are being sued over rent hikes — and what to do if yours goes up

March 20, 2024

The Arizona Republic reported on Arizona Attorney General Kris Mayes’ lawsuit against nine Arizona landlords and private equity-backed landlord software company RealPage over rent increases.

“I lived there for almost five years,” said Linda Collofello, a former tenant of an apartment complex owned by private equity firm Greystar. “When I first started there it was $950, and it climbed all the way up to $1,500.”

She says that when Greystar took over, they nickel and dimed her endlessly. When she decided to move out, the complex tried to charge her for a full month’s rent.

Related Article

Press Release: New Private Equity Risk Index reveals industry threats to American jobs, housing, health care, and pensions

Press Release: New Private Equity Risk Index reveals industry threats to American jobs, housing, health care, and pensions

April 9, 2024 – The Private Equity State Risk Index provides stakeholders with insights into the relative risks that states face from private equity buyouts across four crucial areas—Workers and Jobs, Health care, Housing, and Pensions.

Private Equity
New York Times: Serious Medical Errors Rose After Private Equity Firms Bought Hospitals

New York Times: Serious Medical Errors Rose After Private Equity Firms Bought Hospitals

December 26, 2023 – The New York Times covered a major new study that found that rate of serious medical complications increased in hospitals after they were purchased by private equity investment firms.

Healthcare
Pluribus News: Tool ranks states by private equity buyout risk

Pluribus News: Tool ranks states by private equity buyout risk

April 9, 2024 – State policy-focused news site Pluribus News reported on the launch of the Private Equity State Risk Index

Private Equity