Brookfield is in the news for deceptive and hidden common utility fees. Read the News Story → See Brookfield's Utility Fees →
Brookfield:
The Problem
5
residential properties in Navy Yard
35K
units around the country
$725B
assets managed globally
Brookfield Properties is one of the largest real estate companies in the U.S., managing over 35,000 units around the country. Brookfield Properties belongs to Brookfield Corporation, a Canadian multinational company that is one of the world’s largest private equity management companies, with over US$ 725 billion of assets under management globally.
Private Equity:
Greed on A National Level
Big private equity-backed landlords, such as Brookfield Properties, prioritizing profit over tenant well-being is a widespread national issue that significantly undermines the quality of life for residents and communities. By focusing on their financial gains rather than fair treatment, they often neglect security and property staffing, respond inadequately to tenant concerns, and demonstrate a general lack of accountability. This leads to deteriorating living conditions in overpriced apartments, increased stress, and financial strain for tenants nationwide. Such practices erode trust and fairness in housing markets, creating a cycle of harm that impacts both individuals and communities.
By focusing on maximizing profits at the expense of tenant welfare , these landlords contribute to an unjust and inequitable rental landscape on a national scale.
Private Equity Property Management in the News
October 24, 2024
Senators Take Aim at Big Private Equity Landlords as Rents Soar
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October 2, 2024
Councilmember Allen Introduces Legislation Banning Common Area Utility Fees in Large Buildings
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Aug 28, 2024
Corporate Landlords Nickel and Dime D.C. Tenants With Deceptive and Hidden Utility Fees
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May 16, 2024
Brookfield buying big US multifamily portfolio
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Apr 2, 2024
Deep Dive: Private real estate's surprise problem child
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Mar 19, 2024
As San Francisco’s largest landlord falters, tenants are banding together and winning​
Aug 1, 2023
How Brookfield made $2B in defaults disappear
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May 16, 2023
People Are Organizing to Fight the Private Equity Firms Who Own Their Homes
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Feb 7, 2023
When Private Equity Becomes Your Landlord
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Jan 22, 2023
Brookfield alder in hot seat after comments against affordable housing project​
"In Looney Tunes, you’ve got Acme, the supercorporation that controls everything. In Kurt Vonnegut’s novels, there’s RAMJAC and in prestige TV, there’s Waystar Royco.
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In real life, that company is Brookfield."​​