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

NBC News: A new study reveals the states where private equity has the most influence on housing, health care, jobs and pensions

NBC News: A new study reveals the states where private equity has the most influence on housing, health care, jobs and pensions

April 9, 2024 – NBC News covered the launch of the Private Equity State Risk Index

Private Equity
CBS Pittsburgh: Wall Street buys hundreds of homes in Pittsburgh area, turns them into rentals

CBS Pittsburgh: Wall Street buys hundreds of homes in Pittsburgh area, turns them into rentals

January 22, 2024 – CBS Pittsburgh reported on Wall Street purchases of single family homes in the Pittsburgh area.

Housing
Washington Post: Understaffed and neglected: How real estate investors reshaped assisted living

Washington Post: Understaffed and neglected: How real estate investors reshaped assisted living

December 17, 2023 – The Washington Post reported on the impacts of real estate investors on the assisted living industry.

Healthcare