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The Lincoln Institute of Land Policy, known to Site Selection readers for past contributions on incentives and on the unique incentives conundrum in the bi-state Kansas City area, in November partnered with the Center for Geospatial Solutions (CGS) to publish a report unveiling the footprint of corporation-owned residential real estate in the United States.
Analysis shows corporations own 8.9% of residential parcels in 500 counties across the country. “While this national share stands at roughly 1 in 11 parcels, corporate ownership exceeds 20% in communities including St. Louis, Missouri, Harrisonburg, Virginia, and Franklin County, Ohio, illustrating deeply uneven impacts across the country,” stated a release announcing the report’s publication. St Louis County, Baltimore City and Miami-Dade County had the highest percentages of corporate-owned residential parcels.
CGS has worked directly with federal agencies, cities and nonprofits to apply a proprietary parcel ownership classification methodology called Who Owns America (WHOA) in emerging contexts, including identifying faith-based land suitable for affordable housing, assessing investor activity in local markets and supporting post-COVID housing policy analysis. “In the coming weeks,” said the release, “the Lincoln Institute will utilize CGS’ WHOA analysis of government-owned land for affordable housing [published in July 2024] to launch a national campaign aimed at advancing policy solutions that enable the development of local- and state-owned land for public needs, such as affordable housing or nature-based solutions.”
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