For the best experienceDownload the Mobile App
App Store Play Store
Sen. Ossoff: Out-of-state corporations are buying Georgia homes in bulk, driving up rent prices
Sen. Ossoff: Out-of-state corporations are buying Georgia homes in bulk, driving up rent prices
Sen. Ossoff: Out-of-state corporations are buying Georgia homes in bulk, driving up rent prices

Published on: 05/19/2025

Description

ATLANTA, Ga. (Atlanta News First) - Georgia Senator Jon Ossoff is calling for transparency after launching a probe into corporations he alleges are purchasing thousands of homes across the state and driving up rent prices.

The investigation follows a report by a Georgia State University professor that found more than 30% of single-family homes in metro Atlanta are owned by out-of-state companies, nearly 10 times the national average.

During a news conference on Monday, the senator said he wants to expose abusive practices that lead to the mistreatment of tenants and force homeowners out.

STREAM ANF+: Sen. Ossoff speaks out against corporate landlords as Georgia rent prices soar

READ: Ossoff launches probe into corporate landlords amid rising rents in Georgia

Ossoff’s inquiry includes more than a dozen questions to four out-of-state firms, each of which owns thousands of homes in Georgia. The companies are expected to respond by July 1.

Following inquiries to the companies, the National Rental Home Council — a lobbying group representing corporate landlords — issued a statement defending their role in the housing market.

“We need to stop pointing fingers and start expanding housing options,” the group said in a statement. “Companies invest significantly in these communities — renovating properties to high standards, employing local contractors, and maintaining quality housing options.”

The senator asked tenants who believe they’ve been mistreated by corporate landlords to contact his office.

Copyright 2025 WANF. All rights reserved.

News Source : https://www.walb.com/2025/05/19/sen-ossoff-out-of-state-corporations-are-buying-georgia-homes-bulk-driving-up-rent-prices/

Other Related News

05/19/2025

NEW YORK AP Between collections resuming courts blocking student loan programs and layoff...

05/19/2025

HUNTSVILLE Ala WAFF - Things are warming up in the Tennessee Valley meaning many are getti...

05/19/2025

ATLANTA Ga Atlanta News First - The body pulled from Lake Lanier last week was identified ...

05/19/2025

ATLANTA Ga Atlanta News First - Georgia Power customers are catching a breakThe Georgia Pu...

05/19/2025

WALB is working to produce a video for this story In the meantime we encourage you to watc...

ShoutoutGive Shoutout
500/500