“Corporate landlords like places that are growing, and they like places where housing is relatively cheap,” Shelton said. “But the other box that Atlanta checks is that we have very lax tenant protections.” To address the situation, Shelton and his fellow researchers (Eric Seymour) decided to make their methods of investigation available to the public.
Topic
Eric Seymour
Study reveals corporate landlords own 11% of metro Atlanta’s single-family rental homes
Dr. Taylor Shelton, an assistant professor in the Department of Geosciences at Georgia State University, along with his collaborator Dr. Eric Seymour of Rutgers University, has shed light on the alarming concentration of single-family rental homes in metro Atlanta.
Researchers Find Three Companies Own More than 19,000 Rental Houses in Metro Atlanta
Shelton, an assistant professor in the Department of Geosciences at Georgia State, along with his collaborator Eric Seymour of Rutgers University, investigated the ownership of rental homes in metro Atlanta and found that more than 19,000 were owned by just three companies — Invitation Homes, Pretium Partners and Amherst Holdings.
Prof. Eric Seymour co-authors Horizontal Holdings: Untangling the Networks of Corporate Landlords
Three firms control more than 19,000 single-family homes across the five core counties of Metro Atlanta, using an extensive network of more than 190 corporate aliases—registered to seventy-four different addresses across ten states and one territory.
‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day
“As these companies settled in as landlords, they’ve also made bulk deals with competitor firms to grow or shed their presence in particular markets. They are essentially trading with each other to enhance the performance of their overall inventory.”
Prof. Eric Seymour co-authors The Metropolitan and Neighborhood Geographies of REIT- and Private Equity-Owned Single-Family Rentals.
Consistent with prior research, the authors find that large publicly traded entities purchased homes in growing Sunbelt metros, yet some specific firms target weaker-market metros.
North Las Vegas homes have a Wall Street problem
Housing experts, including Rutgers University’s Eric Seymour, highlight the impact of corporate landlords in Las Vegas, who often outbid individual homebuyers and contribute to the unattainability of homeownership for many.
Kathe Newman (Ralph W. Voorhees Center for Civic Engagement) and Prof. Seymour receive Rutgers Equity Alliance for Community Health (REACH) grants
The grant is among the first round of two-year, $4 million funding from REACH. The university wide presidential initiative aims to join community-based organizations, leaders and residents with university researchers, teachers and students to find ways to improve health and quality of life outcomes in three N.J. cities facing food insecurity, high unemployment, low high school graduation rates and low household incomes.
Research: Eric Seymour co-authors new paper: How Private Equity Landlords Prey on Working-Class Communities of Color
The paper focuses on the Atlanta region and describes the factors contributing to the increase of private equity and real estate investment trusts in single-family home ownership, and how this affects low-income working-class communities of color.
Seymour – Corporate Landlords and Pandemic and Prepandemic Evictions in Las Vegas
Professor Eric Seymour’s latest research examines trends in evictions and filings associated with extended-stay and single-family rentals in the Las Vegas area.