New Report on Corporate Ownership of Small Residential Properties in 7 Municipalities in New Jersey

Eric Seymour, Will Payne, Kathe Newman and Lauren Nolan published a new report on Corporate Ownership of Small Residential Properties in Seven New Jersey Municipalities. This report examines  changes in corporate ownership of 1-to-4 unit residential properties in Asbury Park, Millville, Montclair, New Brunswick, Passaic, Phillipsburg, and West New York, New Jersey between 2010 and 2022. The report finds that in the seven municipalities corporate ownership is increasing, spatially concentrated, associated with foreclosures, small scale and owned by local/regional entities. This research was funded by the Schalkenbach Foundation. A video discussion of the research can be watched here.

Additional Topics
affordable housing | Housing | New Jersey