US EditionInvestors now own 35% of Raleigh-area rentals, highest rate in U.S.
Summary by The News & Observer
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Investors now own 35% of Raleigh-area rentals, highest rate in U.S.
Private equity firms now control 41,000 apartments — 35% of all rental units — in the Raleigh-Cary metro, the highest share in the nation, per a new watchdog report. Advocates warn it’s worsening affordability and displacing locals. N.C. Attorney General Jeff Jackson has sued several firms for alleged rent collusion.
·United States
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