Jacky Rosen Says Corporate Landlords Are Hurting Her Constituents as She Takes Cash From Their Execs
13th April 2024
Sen. Jacky Rosen says she’s committed to cracking down on the corporate landowners jacking up housing costs for her constituents. But the Nevada Democrat has no problem raking in campaign contributions from executives at America’s largest corporate landlord.
Rosen’s campaign and leadership PAC have accepted $83,250 in 2023 from executives of Blackstone, a leading corporate investor in the U.S. housing market, Federal Election Commission records show. Blackstone is the largest landlord in the country, with over 300,000 housing units in its portfolio, and is a direct contributor to the affordable housing crisis, according to a 2023 report by the Private Equity Stakeholder Project. Among Rosen’s donors is Frank Cohen, the chairman and CEO of Blackstone’s flagship real estate investment fund, which is heavily invested in Nevada. Cohen gave $13,200 to Rosen in August.
Now, Rosen says corporate landowners like Blackstone are responsible for driving up the cost of living for everyday Americans by monopolizing residential housing markets. Rosen introduced legislation in January that she said would limit the ability of companies like Blackstone to acquire an excessive amount of single-family residences in a single market and prohibit them from renting homes at an “unreasonable price.”