Released: August 01, 2022

Corporate landlords ‘aggressively’ evicted tenants during pandemic

Source: Kriston Capps, (CityLab) Blooomberg

Four major corporate landlords filed thousands of evictions while federal moratorium orders were still standing, using aggressive tactics to force out tenants at the height of the pandemic, according to a new investigation by a House subcommittee. 

Together the four companies — Ventron Management, the Siegel Group, Invitation Homes and Pretium Partners — filed nearly 15,000 evictions between March 15, 2020, and July 29, 2021, three times as many as previously known.

Pretium expanded its rental portfolio, Invitation recorded record profits and boosted rents, and Ventron and Siegel each received more than $2 million in federal loans since forgiven by the Paycheck Protection Program. Still, all four companies allowed evictions to be filed, even going after tenants who were waiting for emergency rental assistance funds to hit their accounts.

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