PANDEMIC EVICTOR

The report details how Pretium Partners, a private equity firm specializing in single-family rentals, and its subsidiaries Progress Residential and Front Yard Residential, filed over 1,300 evictions during the COVID-19 pandemic. It highlights a racial disparity in these filings, noting significantly higher eviction rates in majority-Black counties in Georgia compared to majority-white counties in Florida. The document also describes failures in property maintenance in Minneapolis and the firm's legal challenges to the CDC's eviction moratorium. Finally, it identifies the institutional investors, including pension funds and private equity firms, that provide the capital for Pretium's expansion.

• Pretium Partners, through its acquisition of Front Yard Residential in January 2021, became the second-largest owner and operator of single-family rental homes in the United States, managing a portfolio of more than 55,000 homes.
• Progress Residential and Front Yard Residential filed more than 1,300 evictions during the COVID-19 pandemic, with the majority occurring after the CDC eviction moratorium began on September 4, 2020.
• Eviction filings since the start of 2021 show a significant racial disparity: in Georgia's majority-Black DeKalb and Clayton counties, filing rates were 12.1% and 9.5% respectively, while in Florida's majority-white Polk and Seminole counties, rates were only 2.4% and 1.1%.
• The companies have continued to pursue evictions against residents who submitted hardship declarations under the CDC moratorium, and Progress Residential has legally challenged the moratorium as an "unconstitutional overreach."
• Residents of Front Yard Residential properties in Minneapolis, predominantly Black, reported systemic failures in home maintenance, including leaks, mold, and plumbing issues, while the company continued to demand timely rent payments.
• Pretium Partners' growth and operations are funded by various institutional investors, including Ares Management, Landmark Partners, Canada’s Public Sector Pension (PSP), American Equity Investment Life Insurance, and the Tennessee Consolidated Retirement System.

APA

Sorensen, P. (2021). PANDEMIC EVICTOR. Private Equity Stakeholder Project. https://pestakeholder.org/wp-content/uploads/2021/04/Pandemic-Evictor-Pretium-Partners-PESP-041421.pdf

Chicago

Sorensen, Pilar. PANDEMIC EVICTOR. Private Equity Stakeholder Project, 2021. https://pestakeholder.org/wp-content/uploads/2021/04/Pandemic-Evictor-Pretium-Partners-PESP-041421.pdf.

Wikipedia

{{cite report |last1=Sorensen |first1=Pilar |title=PANDEMIC EVICTOR |publisher=Private Equity Stakeholder Project |date=April 2021 |url=https://pestakeholder.org/wp-content/uploads/2021/04/Pandemic-Evictor-Pretium-Partners-PESP-041421.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sorensen2021pandemic, author = {Sorensen, Pilar}, title = {{PANDEMIC EVICTOR}}, institution = {Private Equity Stakeholder Project}, year = {2021}, month = apr, url = {https://pestakeholder.org/wp-content/uploads/2021/04/Pandemic-Evictor-Pretium-Partners-PESP-041421.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }