Tag Archives: corporate landlords

the outside exterior of the U.S. Treasury Department building

News Release: New Treasury Rules Pull Back the Curtain on Corporate Landlords and Their Financial Backers That Can No Longer Hide Behind LLCs

The Treasury Department released two new rules requiring the disclosure of real estate ownership transparency that will make it easier to identify corporate real estate backers and crack down on money laundering in the real estate sector. This announcement comes the week after the Department of Justice launched a lawsuit against RealPage for facilitating rent price fixing by corporate landlords, and together represent major back-to-back tenant victories against corporate landlords and their privately-funded financial backers

Blog: The RealPage Lawsuit

On Friday, the U. S. Department of Justice took on Wall Street landlords and increasingly unaffordable rents by filing an antitrust lawsuit against RealPage, accusing the private-equity-owned firm of facilitating price fixing among the country’s largest corporate landlords. Joined by eight state attorneys general, the lawsuit details how RealPage’s rent-setting software uses private information to raise rents – and, by extension, landlord profits – well beyond what is fair to the general public. 

Blog: Biden Tackles Problem of Corporate Landlord Profiteering Directly

Today, President Biden acknowledged what too many Americans already know: the rent is simply too damn high and the public cannot continue to subsidize corporate landlords’ unlimited appetite for rent hikes through our tax code. By proposing to repeal tax breaks, like the depreciation write-off for corporate landlords who stick their tenants with rent increases above 5 percent, Biden is taking a vital step toward direct action to curb the corporate profiteering that contributes to the housing crisis.