CHARLOTTE — A new study conducted by the University of North Carolina Charlotte found corporate landlords now own about 20,000 single-family homes in Mecklenburg County.
This is a 65% jump in market share since 2019, according to the Charlotte Observer.
Big names like Innovation Homes and Tricon Residential are leading the pack, with nearly 1 in 4 homes being rentals.
Most of those properties are in historically low-income areas, which raises concerns about affordability, maintenance, and homeownership access.
According to the Observer, the trend is growing, and so is scrutiny from both researchers and regulators.
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