Blackstone Sued Over Habitability of Rented Home
The L.A. Times had an article today regarding a lawsuit by a tenant of Invitation Homes, a Blackstone subsidiary. Blackstone purchased tens of thousands of homes across the United States for the purpose of renting them out and (potentially) later securitizing the rents into bonds (similar to how mortgages were packaged for investors to purchase). […]
City of Los Angeles Rent Escrow Account Program Upheld As Constitutional
Recently, the Federal Ninth Circuit Court of Appeals upheld the City of Los Angeles’ Rent Escrow Account Program (“REAP”) as constitutional in Sylvia Landfield Trust v. City of Los Angeles. REAP is an administrative program in which the Los Angeles Housing and Community Development Department is able to collect rents from a property that finds to be […]
