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

S&P: US private equity portfolio company bankruptcies spiked to record high in 2023

S&P: US private equity portfolio company bankruptcies spiked to record high in 2023

January 11, 2024 – S&P reported on private equity portfolio company bankruptcies reaching a record high in 2023.

Workers and Jobs
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
NBC News: Cancer patients say this hospital turned them away

NBC News: Cancer patients say this hospital turned them away

June 5, 2024 – NBC News covered the story of cancer patients at a private equity-owned hospital in Las Cruces, New Mexico, who say they were refused care.

Healthcare