Senator Warren Sends Letters to Corporate Landlords Demanding Transparency in Business Practices and Calling for Increased Renter Protections
Apr 06, 2026
By Sarita Kelkar, NLIHC Policy Intern
Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) sent letters on March 25 to the heads of the 14 biggest corporate landlords in the housing sector, requesting information on their investments in single and multifamily homes, and in manufactured housing communities.
“Institutional investors often shirk on tenant protections and maintenance costs to boost their profits across the single-family, multifamily, and manufactured housing sectors,” writes Senator Warren. “Major investors like Tricon Residential (now owned by Blackstone), Amherst, and Progress Residential have all been subject to major litigation for alleged fair housing violations, habitability deficiencies, and violations of basic property management standards.”
Institutional investors’ roles in the housing market accelerated after the 2008 financial and foreclosure crisis; now, over 450,000 single-family homes and 2.2 million apartment units are owned by institutional investors in the United States. The Ranking Member’s letters highlight how corporate landlords and institutional investors directly contribute to the affordable housing crisis by leveraging “their access to capital, federal tax benefits, and technology” to buy up available properties, and then implementing predatory practices such as aggressive rent hikes. People living in properties owned by these investors also report decreased responsiveness and accountability to tenants. Senator Warren ends the letter with a list of questions the corporations must answer by April 8, related to their investment portfolio, rent setting practices, and complaints filed by residents living in their properties.
These letters come as conversations continue on Capitol Hill over the Senate-passed “21st Century Road to Housing Act,” a bipartisan housing supply package that includes restrictions on institutional investors’ ability to own single-family homes (see Memo, 3/23).
Read the Ranking Member’s letters here.
Learn more about tenant protections in Chapter 7 of NLIHC’s 2026 Advocates’ Guide.
Learn more about the history and impacts of institutional investment.