Private equity companies buy more apartment units

Private equity firms own nearly 3 million apartment units (13% of total U.S. apartments), with 57% acquired since 2018 and 45% since 2021. Texas has the highest number of units, while Georgia and North Carolina each have over 1 in 3 and 1 in 4 units owned by private equity. The report links high private equity ownership to increased cost-burdened renters in states like Arizona, Georgia, Texas, and Florida.