Comment to Los Angeles County Employees Retirement Association

The Private Equity Stakeholder Project argues that Blackstone's acquisition of Tricon Residential will exacerbate the housing affordability crisis. Citing a history of rent hikes and poor maintenance at Blackstone-owned entities like Invitation Homes and Home Partners of America, the author calls on LACERA to demand tenant protections to mitigate social and reputational risks.

• Blackstone's planned acquisition of Tricon Residential would make it the third-largest owner of single-family rental (SFR) homes in the United States, with a total of 66,000 homes.
• The author cites a history of poor property management by Blackstone-affiliated companies, including reports of water leaks, toxic mold, raw sewage, and vermin at Invitation Homes, as well as unclear billing and above-market rents at Home Partners of America.
• In the San Diego area, Blackstone increased average rents by 34% at an apartment complex of 5,800 units after purchasing it in 2021, significantly exceeding the market average increase of 20%, with some buildings seeing increases up to 76%.

APA

Dabos, V. (2024). Comment to Los Angeles County Employees Retirement Association. Private Equity Stakeholder Project. https://pestakeholder.org/wp-content/uploads/2024/02/2024-02-13-Lacera_Comments_021424.pdf

Chicago

Dabos, Valentina. Comment to Los Angeles County Employees Retirement Association. Private Equity Stakeholder Project, 2024. https://pestakeholder.org/wp-content/uploads/2024/02/2024-02-13-Lacera_Comments_021424.pdf.

Wikipedia

{{cite press release |last1=Dabos |first1=Valentina |title=Comment to Los Angeles County Employees Retirement Association |publisher=Private Equity Stakeholder Project |date=14 February 2024 |url=https://pestakeholder.org/wp-content/uploads/2024/02/2024-02-13-Lacera_Comments_021424.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{dabos2024comment, author = {Dabos, Valentina}, title = {{Comment to Los Angeles County Employees Retirement Association}}, publisher = {Private Equity Stakeholder Project}, year = {2024}, month = feb, url = {https://pestakeholder.org/wp-content/uploads/2024/02/2024-02-13-Lacera_Comments_021424.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }