The complaint says this effect is purposeful: “Defendant Vinebrook transfers properties among the Vinebrook LLCs and incorporates new LLCs at least in part as an attempt to evade compliance with the City’s building, health, and safety codes.
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VineBrook LLC’s hold between one and two hundred properties at a time and regularly transfer properties among themselves, making it difficult for local regulators and code enforcement officials to track.
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The full complaint is available below here are some of the key claims: The city’s complaint is 65 pages long and outlines dozens of complaints. An earlier event around Thanksgiving involving a water main break also left some residents of the complex without water. The suit came after residents there went without heat and suffered flooding from burst pipes over Christmas. Last week, Cincinnati also sued the New Jersey-based investment group that owns the 976-unit Williamsburg Apartment complex in Hartwell. Laura Brunner talked about the negative impact of institutional investors, specifically citing VineBrook.
Senate Committee on Banking, Housing, and Urban Affairs. Last August, the CEO of The Port of Greater Cincinnati testified before the U.S. Senator Sherrod Brown (D-Ohio) said his office is looking into legislative fixes to address large private equity firms neglecting property maintenance. VineBrook also has properties in Columbus and Dayton. We view this latest development as an opportunity to refocus our efforts and we remain committed to providing safe, functional, and affordable single-family rental homes to residents to help set them on a pathway to homeownership and a better financial future.”Ī study commissioned by the company last month says VineBrook rents are lower than the Cincinnati market average, and that Vinebrook spent $28.7 million in rehabilitation, repairs, and property taxes on its properties over the last 12 years. Since beginning our operations in Cincinnati 15 years ago, VineBrook has worked diligently and directly with the city to address business issues and provide safe and affordable housing. "VineBrook has had the opportunity to address ongoing issues, but instead continues to fall short."Ī VineBrook spokesperson declined an interview but provided a statement via email: “We disagree with allegations in the City’s complaint and will vigorously defend our company, employees, and reputation. “This administration is committed to holding problem property owners accountable," said City Manager Sheryl Long in a statement. The lawsuit ended in a settlement, but the new complaint alleges VineBrook violated several parts of the settlement agreement. At the time, the city was aware of only 16 LLCs and only named those 16 in the lawsuit. The city sued VineBrook in 2021 over hundreds of thousands of dollars in past due fines and fees related to health and building code violations. The ownership is split between at least 62 LLCs registered throughout Ohio, a practice the lawsuit says is a way to intentionally avoid city oversight. VineBrook owns at least 964 properties in Cincinnati, and more than 3,000 in Hamilton County overall. "VineBrook's neglectful behavior has caused significant harm to renters, and the city of Cincinnati will fight back with everything we have to protect our residents." “We have no tolerance for investors who come into Cincinnati, let properties degrade and exploit tenants," said Mayor Aftab Pureval in a statement. The city is asking a Hamilton County judge to appoint a receiver to take possession of the properties. The city also says VineBrook violated the terms of a settlement in a previous lawsuit. The city of Cincinnati is suing institutional landlord VineBrook Homes, saying their business model is a public nuisance.
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