A new study of corporate ownership of single-family homes in Atlanta – one of the epicenters of the practice in the nation – finds that it resulted in the loss of $1.25 billion in equity from affected neighborhoods between 2010-2022. And $681 million of that loss fell on the city's majority-Black neighborhoods, where corporations are involved in 70% of single family transactions, compared to 30-40% for other neighborhoods.
By comparison, the total institutional ownership share nationwide is 3.8 percent, according to a 2023 study by the Urban Institute.
The Atlanta study was conducted by researchers Nicholas Polimeni and Brian Y. An of Georgia Tech's School of Public Policy. It noted that homes in the Sunbelt are especially targeted because many Southern states have weak tenant protections, rising home values and economic growth, with weaker access to mortgage markets for nonwhites.
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