Nashville stakeholders are increasingly concerned by a post-Recession wave of real estate investment trusts buying up all the housing stock in neighborhoods gutted by the foreclosure crisis. The trend extends to other Sun Belt cities as well.
Researchers in Nashville have noticed the increasing reach of real estate investment trusts (REITs) in Nashville, and have decided to study the effects of such large-scale investments on the city's neighborhoods.
Mike Reicher reports on the big question from the Nashville real estate market:
They want to figure out whether these real estate investment trusts, or REITs, drive up sales prices because of increased competition and worsen the region’s affordable housing crisis. In the neighborhoods they target, do fewer people own their own homes? Do REITs increase rents at a faster pace than others? And what type of neighborhoods do the companies pick in the first place?
The research project is under the direction of Ken Chilton, associate professor in the Department of Public Administration at Tennessee State University, and Robert Silverman, a professor in the Department of Urban and Regional Planning at the University at Buffalo in New York.
The research follows analysis from August by the Tennessean, which "found that six out-of-state investment groups own at least 4,900 homes in Smyrna, Murfreesboro, Antioch, Spring Hill, Mt. Juliet and several other fast-growing neighborhoods."
FULL STORY: Is Wall Street upending Nashville neighborhoods? These professors want to know
Effects of the Foreclosure Crisis Still Felt in Parts of Cleveland
Call it a tale of two housing markets.
Institutional Investors Gaining a Larger Footprint in the Housing Market, Report Says
The locations with the fastest growing populations are seeing the most dramatic increase in investor-owned single-family housing rentals.
Wall Street Suddenly Buying Fewer Single-Family Homes
Rising interest rates are having a major effect in the housing market—including on the large institutional investors who spent much of the past couple of years buying up single-family homes.
Montreal Mall to Become 6,000 Housing Units
Place Versailles will be transformed into a mixed-use complex over the next 25 years.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
DARTSpace Platform Streamlines Dallas TOD Application Process
The Dallas transit agency hopes a shorter permitting timeline will boost transit-oriented development around rail stations.
Interactive Map Reveals America's “Shade Deserts”
Launched by UCLA and American Forests to combat heat-related deaths, the tool maps the shade infrastructure for over 360 U.S. cities.
Bicycles and Books — In Sacramento, Libraries Now Offer Both
Adult library card holders can check out e-bikes and e-trikes for up to one week.
Colorado Landfills Emit as Much Pollution as 1M Cars
Landfills are the third-largest source of methane pollution in Colorado, after agriculture and fossil fuel extraction.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
City of Mt Shasta
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)