Robbie Sequeira

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.

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.

Private equity firms own 3 million apartment units (13% of the U.S. total), with 57% acquired since 2018. Texas leads with nearly 580,000 units, and states like Georgia and North Carolina have significant ownership shares. The report links high private equity ownership to rising cost-burdened renters in several states.