View or download a PDF of the letter here.
Americans for Financial Reform Education Fund submitted a comment in support of the Federal Trade Commission’s proposed 6(b) study of large-scale single family home investors and the Commission’s plan to publicly disseminate information about homes owned by “mega investors,” defined as entities that own over 1,000 single family rental homes.
There are an estimated 446,000 such homes located throughout the country. Creating and maintaining a publicly available national database on these homes and owners would provide invaluable information about trends, regional consolidation within the single family home rental industry and its impact on rental and home purchase pricing. Additionally, the database would be helpful to current and prospective residents, neighbors, communities, and state and local policymakers concerning the prevalence and impact of mega-investor-owned properties, as mega investors often use LLC and corporate shields to obscure their true ownership from the public.