Big money investment groups are buying up Massachusetts properties and pricing homebuyers and renters out of our local communities.
25 Investigates found as this trend continues across the state – investors are hidden in a maze of LLCs.
“It never, ever, even, you know, came into my mind that at this age, I would be in jeopardy of losing the one home that I’ve had for years,” Mattapan resident Annie Gordon said.
Gordon, 73, said she’s being priced out of the Mattapan apartment community she’s called home for nearly 5 decades.
Gordon is retired but works a part-time job overnight to make ends meet.
Each month, she says her rent alone is $1,810.
Now, she says she’s being asked to pay upwards of $500 more.
In 2018, DSF Group purchased the Fairlawn Apartments where Gordon lives and changed its name to Soma at the T.
The community fought to get the Mattapan commuter rail stop – a move that Gordon claims is now being used to justify rent hikes.
25 Investigates reached out to DSF Group for response and visited their Newbury Street office in-person. We haven’t heard back.