Warren, Warnock, Wyden, Welch Press Private Equity Firm KKR On $2.1 Billion Housing Acquisition and Its Effects on Renters
Press Release
Issues: Housing and Property
“We have long raised alarm bells regarding private equity’s encroachment into the housing market. We are deeply concerned that KKR’s multi-billion dollar real estate purchase could result in even higher rents, exacerbating America’s housing crisis.
“Private equity firms have disproportionately pushed people of color out of affordable single-family homes and their communities through gentrification and negligent landlord practices…Whether the property is a mobile home park, single-family rental, or multi-family building, the private equity purchase playbook remains the same."
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