Billionaire Stephen Schwarzman, a fierce opponent of rent control, raked in an astounding $610.5 million from dividends and compensation last year, according to Reuters. Blackstone Group, the private equity firm co-founded and led by Schwarzman, …
U.S. Renters Paid a Staggering $4.5 Trillion to Landlords, According to Zillow
A little more than a year ago, Zillow, the real estate site, came out with an eye-popping statistic: between 2010 and 2019, renters in the United States paid landlords a staggering $4.5 trillion. That’s not …
Never Forget the Corporate Landlords Who Want All Your Money
As we head deeper into 2021, renters in California and across the nation should never forget the small but powerful group of corporate landlords who shelled out a staggering $66.5 million to kill the expansion …
Tangled Web: Gavin Newsom, Ace Smith, California Apartment Association, and the Billionaires Who Love Them
Billionaires Stephen Schwarzman and Sam Zell must love Gov. Gavin Newsom, political consultant Ace Smith, and the California Apartment Association right now. After all, Newsom, Smith, and the CAA were key players in killing two …
Big Real Estate Shells Out Staggering $86.2 Million to Kill California’s Prop 21
In its successful push to stop California’s Proposition 21, Big Real Estate shelled out a shocking $86.2 million to fund a statewide TV ad blitz that confused and tricked voters. The driving force behind the …
Wall Street Landlords Vs. California Renters
In the fight over Proposition 21, the line of battle is clear: Wall Street landlords versus California renters. Corporate landlords such as Blackstone Group, Essex Property Trust, and Equity Residential are determined to do anything …
Why Are Billionaires Stephen Schwarzman and Geoffrey Palmer Using A Shell Committee to Kill Prop 21?
Big Real Estate is up to its dirty tricks again. Blackstone Group, billionaire landlord Geoffrey Palmer, and real estate bigwig Michael Hayde, among others, are using a little known political action committee to feed money …
California’s Housing Justice Movement Unites Behind Proposition 21
California’s housing justice movement is lining up in strong support of Proposition 21. Dozens of tenant rights organizations and housing justice groups have endorsed the statewide initiative, including ACCE Action, Housing Now! California, San Diego Tenants …
Yes on Prop 21 Sues Big Real Estate to Stop Repeated Dirty Tricks
The No on Prop 21 campaign simply can’t be trusted — but that shouldn’t be surprising. After all, the real estate industry, which is bankrolling the multi-million-dollar effort to stop Proposition 21, has long been …
Is Invitation Homes the Worst Corporate Landlord in the U.S.?
For years, Invitation Homes, led by CEO Dallas Tanner, has been slammed for its shocking treatment of tenants and fueling the country’s housing affordability crisis. The corporate landlord was even criticized by the United Nations …