A newly published report by the Private Equity Stakeholder Project says that two property companies owned by major private equity firm Pretium Partners are more likely to evict tenants in majority Black neighborhoods rather than communities that are primarily white.
According to the report “PANDEMIC EVICTOR: Don Mullen’s Pretium Partners Files to Evict Black Renters, Collects Billions From Investors,” Progress Residential and Front Yard Residential, both owned by Pretium Partners, filed 500 evictions in the first 10 weeks of 2021.
Around 246 of the evictions were filed in two counties of metropolitan Atlanta, Georgia: Dekalb and Clayton counties. Both areas have majority Black populations. Since the start of 2021, the companies have filed to evict 12 percent of the companies’ renters in DeKalb County, where 55 % of residents are Black. In Clayton County, 73 percent of residents are Black, and the companies have filed to evict 9.5 percent of the renters. While in Seminole and Polk counties in Florida, the companies have filed to evict a smaller number of residents in the mostly white neighborhoods. In Seminole County, which has only have 15 percent Black, the company filed to evict 1.1 percent of its renters, while in Polk County, which is about 19 percent Black, the companies filed to evict 2.4 percent of renters.
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