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The complaint filed by the FTC alleges that Invitation Homes advertised rental rates that failed to mention fees like smart home tech, utility management, air filter delivery, and internet packages.
Invitation Homes, which owns or manages more than 100,000 homes around the U.S., "will be refunding $48 million to residents and changing its practices," said Larissa Bungo, ...
Invitation Homes, the nation's largest single-family landlord, has agreed to pay $48 million to settle a handful of allegations, including that it illegally charged undisclosed junk fees, withheld ...
In 2005, entrepreneur Dallas Tanner and several others formed the housing and apartment investment company Treehouse Group in Arizona. [5] Between 2010 and 2011, it bought 1,000 distressed houses in Phoenix, Arizona, a city heavily impacted by foreclosures caused by the subprime mortgage crisis [2] and one of the first areas where private equity investor purchases of homes for rent took place ...
Invitation Homes agrees to pay $48 million to settle claims it saddled tenants with hidden fees By ALEX VEIGA AP Business Writer The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive business practices ...
Pretium planned to acquire these houses and rent them to families who had lost their homes or could no longer qualify for a mortgage. Pretium send confidential invitations to investors who could contribute $2 million. According to its solicitation documents in 2012, the plan was projected to have annualized returns of 15 to 20 percent.
According to John Burns Research & Consulting, only 0.4 percent of single-family homes in the United States are owned by institutional investors with over 1,000 homes in their portfolio. [12] This share rises to 3.8 percent of single-family homes for institutional investors owning over 100 homes, and up to 10 percent in certain metro areas such ...
The nation’s largest owner of single-family homes for rent has agreed to pay $48 million to settle claims by the Federal Trade Commission that it reaped millions of dollars via deceptive ...