Vinebrook homes columbus market11/19/2023 ![]() 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. Most importantly, our success in the Single Family Rental Home business would be nothing if it weren’t for our fantastic residents, and we work every day to provide the best service possible in reacting to their needs.The city of Cincinnati is suing institutional landlord VineBrook Homes, saying their business model is a public nuisance. We are proud to provide the many benefits of single family home living in great neighborhoods, with ample space, storage, yards, privacy, security and professional management at a reasonable price. Our core values of hard work, integrity, communication and execution have helped build a recognized brand known for quality and long-term resident satisfaction. Our highly trained and experienced staff is dedicated to providing the best experience to our current and future residents, while demonstrating a commitment to being a good citizen in our communities. ![]() Since our commencement in 2007, we have quickly become one of the largest providers of quality homes with a variety of housing options offered. Unlike other providers, VineBrook takes a different approach in the growing Single Family Rental Home industry, focusing on affordability and value for our residents. VineBrook Homes is an internally managed real estate company specializing in acquiring, renovating and leasing single family homes. VINEBROOK HOMES IS A LEADING PROVIDER OF SINGLE FAMILY RENTAL HOMES IN OUR MARKETS
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