Reporting · The Chairman
When Private Equity Becomes Your Landlord
ProPublica's analysis of private-equity-backed apartment buyers featured tenants of San Francisco's Olume, who described soaring rents, trash in hallways and reduced security after Greystar took over in 2017 through a Freddie Mac-financed deal. The story profiles founder Bob Faith as a pioneer of connecting institutional investors with apartment buying; Greystar said resident satisfaction was 'very important.'
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