David D. Troutt and Katherine Nelson

Equity Firms are Buying Up Homes in Newark: What About in Jersey City?

In May this year, CLIME: Center Law, Inequality and Metropolitan Equity at Rutgers University, released a report called: Who Owns Newark? Transferring Wealth from Newark Homeowners to Corporate Buyers. It documents how major investment firms are buying homes in Newark on a grand scale, turning them into rental properties. According to the authors, David D.Continue reading “Equity Firms are Buying Up Homes in Newark: What About in Jersey City?”