The Restless Urban Landscape of Housing Financialization: Geographies of Residential Real Estate Investment Trust Expansion in Germany and the United States

The expansion of Residential Real Estate Investment Trusts (R-REITs) represents an important frontier in the financialization of housing and cities. This paper advances the literature on institutional real estate investment and corporate landlordism by analyzing how and where the 15 largest, publicly-listed R-REITS and REIT-like funds in Germany...

In Real Estate Investment We Trust: State De-Risking and the Ownership of Listed US and German Residential Real Estate Investment Trusts

 Real estate investment trusts (REITs) have been around since 1960 but have only become major players in housing markets in the last twenty years. The current and ongoing wave of residential REIT (R-REIT) expansion has attracted significant scholarly and broader public interest. This article examines how real estate, finance, and the state are...

Financing “climate-proof” housing? The premises and pitfalls of PACE finance in Florida

Amidst growing concerns about climate risks to the U.S. housing markets, strategies to physically retrofit homes are gaining attention—including within debates over how to resolve intersecting crises of housing re/insurability and affordability in highly exposed sites like Florida. We consider an important but under-studied example of this ...

Interrupted rhythms and uncertain futures: Mortgage finance and the (spatio-) temporalities of climate breakdown

As intensifying climate-related disasters strike cities across the United States, they are provoking rising concern for the stability of the U.S. housing market and broader financial system. How homeowners, mortgage lenders, federal institutions/regulators, and investors will variously encounter and manage climate risk is an urgent question...