KCERA Must Hold Off on Investing with Landmark Partners

The Private Equity Stakeholder Project urges KCERA to halt a proposed $40 million investment in Landmark Real Estate Partners Fund IX, citing systemic issues with Progress Residential, a Landmark investee. The document highlights allegations of unsafe housing conditions in Minneapolis and Charlotte, as well as a U.S. House of Representatives committee finding that Progress Residential used abusive eviction tactics during the pandemic.

• Progress Residential, a company in which Landmark is a major investor, is accused of maintaining unsafe housing conditions for tenants in Minneapolis, including issues with lead paint, black mold, pest infestations, flooding, and electrical hazards.
• The Minnesota Attorney General has sued HavenBrook Homes, a part of Progress Residential, alleging the company used a deceptive strategy to extract profit while leaving tenants in uninhabitable homes.
• A U.S. House of Representatives committee investigation found that Progress Residential and other corporate landlords employed abusive eviction tactics during the pandemic, including filing evictions for tenants only one month behind on rent and rejecting certain rental assistance offers.

APA

Private Equity Stakeholder Project (2022). KCERA Must Hold Off on Investing with Landmark Partners. https://pestakeholder.org/news/kcera-must-hold-off-on-investing-with-landmark-partners/

Chicago

Private Equity Stakeholder Project. KCERA Must Hold Off on Investing with Landmark Partners. 2022. https://pestakeholder.org/news/kcera-must-hold-off-on-investing-with-landmark-partners/.

Wikipedia

{{cite press release |author=Private Equity Stakeholder Project |title=KCERA Must Hold Off on Investing with Landmark Partners |date=10 August 2022 |url=https://pestakeholder.org/news/kcera-must-hold-off-on-investing-with-landmark-partners/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{privateequitystakeholderproject2022kcera, author = {{Private Equity Stakeholder Project}}, title = {{KCERA Must Hold Off on Investing with Landmark Partners}}, publisher = {Private Equity Stakeholder Project}, year = {2022}, month = aug, url = {https://pestakeholder.org/news/kcera-must-hold-off-on-investing-with-landmark-partners/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }