Private Equity Firms Now Own 13% of US Apartments

CRE Daily, May 25, 2026
Private equity firms own at least 11,800 apartment properties totaling nearly 3M units, or roughly 13% of US apartments, according to a May 2026 PESP report.
More than 45% of those units were acquired since 2021, with Blackstone alone controlling more than 230,000 apartments nationwide.
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