Private equity companies buy more apartment units

Private equity firms own 3 million apartment units (13% of the U.S. total), with 57% acquired since 2018 and 45% since 2021. Over two-thirds of these units are concentrated in 10 states, including Texas (highest number) and Georgia (nearly 1 in 3 units). The report links high private equity ownership to increased cost-burdened renters in states like Arizona, Georgia, and Texas.