An out-of-town investment firm bought 153 Cleveland homes and now holds a local real estate portfolio riddled with vacancy, code violation notices and maintenance complaints from tenants, a group of housing advocates said in a study released Wednesday.
Authored by the community organizing group ACORN and the Vacant and Abandoned Properties Action Council, the study found that 79% of the homes appeared to be vacant.
The study called for the city to bring a public nuisance lawsuit against the Maryland-based company, Riparian Capital Partners. Cleveland helped with research for the study…