Corporate Landlords Should Cancel Rent, Mortgages And Utlities During COVID-19
While so many of us struggle to survive, some of the richest billionaires in the world dominate the residential real estate industry in the United States. These corporate landlords are companies owned by extremely wealthy individuals, Wall Street entities like private equity firms and hedge funds, and institutional investors.
Corporate landlords include many well-known entities like Kushner Companies, Mosser Capital, Equity Residential, Related, Essex, Starwood Capital, CBRE, Blackstone, and Irvine Company. Across the country, from New York and California to Arizona, Georgia, and Florida, these companies own large apartment complexes, office buildings, hotels, single-family homes, and a significant chunk of our mortgage debt.
Corporate landlords do not pay their fair share in taxes at the local, state, or federal level.