Private equity companies buy more apartment units

Private equity firms own nearly 3 million apartment units (13% of U.S. total), with 57% acquired since 2018 and 45% since 2021. Over two-thirds of these units are in 10 states, including Texas (580,000 units) and Georgia. The report links high private equity ownership to rising 'cost-burdened' renters in states like Arizona and Florida.