Who Owns Newark? Rutgers-Newark Study Finds Troubling Rise in Corporate Buying of City Homes
May 03, 2022
May 03, 2022
NEWARK, New Jersey, May 3 (TNSRes) -- Rutgers University issued the following news:
Nearly half of Newark's residential property is now owned by corporate buyers, a model designed to enrich investors through returns from rent collection, and a nationwide trend that can displace residents and impede home ownership, according to a Rutgers University--Newark report titled Who Owns Newark?
The Rutgers Center on Law, Inequality and Metropolitan Equity (CLiME) found the . . .
Nearly half of Newark's residential property is now owned by corporate buyers, a model designed to enrich investors through returns from rent collection, and a nationwide trend that can displace residents and impede home ownership, according to a Rutgers University--Newark report titled Who Owns Newark?
The Rutgers Center on Law, Inequality and Metropolitan Equity (CLiME) found the . . .