LOS ANGELES — The buyer of MacKenzie Scott’s two former Beverly Hills properties, valued at $55 million, is a corporate landlord with a documented record of aggressive rent increases and eviction practices.
Scott donated the homes in 2022 as part of her broader philanthropic push. The sale proceeds funded affordable housing initiatives in Los Angeles. The identity of the buyer, however, has triggered alarm among tenant advocacy groups.
The properties, purchased with ex-husband Jeff Bezos during their marriage, were transferred to a real estate investment trust specializing in converting high-value residential assets into high-yield rental portfolios. The firm has faced at least 14 lawsuits in the past five years related to tenant disputes, including alleged illegal lockouts and rent gouging in markets like Phoenix and Atlanta.
💡 Frequently Asked Questions (FAQ)
- Q: Who bought MacKenzie Scott’s former Beverly Hills homes?
- A: A corporate landlord specializing in high-yield rental portfolios, with a history of aggressive rent increases and eviction practices.
- Q: What will the proceeds from the sale be used for?
- A: The sale proceeds fund affordable housing initiatives in Los Angeles.
- Q: Why are tenant advocacy groups alarmed?
- A: The buyer has faced at least 14 lawsuits in five years, including alleged illegal lockouts and rent gouging.