VIDEO: Lombardo Killed Effort to Curb Corporate Home Buying, As Wall Street Firms Become Largest Homeowners in Las Vegas

Lombardo Ordered Republicans To Vote Down Corporate Landlord Limits Earlier This Year

LAS VEGAS –  Today, the Las Vegas Review-Journal reported that Invitation Homes, a Dallas-based firm trading on Wall Street, owns nearly 3,400 rental homes in the Las Vegas Valley. That’s enough to make it the second-largest home owner in Las Vegas, second only to another private equity firm, Pretium Partners, which owns nearly 4,500 valley homes.

But not only has Gov. Joe Lombardo twice vetoed attempts to reform Nevada’s backward and broken eviction system, but earlier this year actively interfered with attempts to limit the Wall Street meddling in Las Vegas’ housing market.

During the 2025 legislative session, lawmakers in the Senate had the 2/3rds majority necessary to pass sweeping new limits on corporate landlords, limiting them to purchasing just 100 homes per year. The bill was set to pass until Gov. Joe Lombardo stepped in to tell Republicans to vote down the bill. We know it for a fact, because Republican Sen. Ira Hansen said it out loud on the Senate floor.

WATCH: Ira Hansen Floor Speech Calling Out Joe Lombardo in Manipulating Votes to Block Corporate Home-buying Guardrails

Shelbie Swartz, Executive Director of Battle Born Progress, issued the following statement:

“Every day, a new media report tells us what we’ve known for years. Wall Street is raiding Nevada’s housing market, outcompeting locals with cash offers, sight-unseen. The result is a housing market where renters cannot become owners, and where Nevada families are paying the price. Given the opportunity to solve the problem, Joe Lombardo chose to help his corporate donors instead. Nevadans shouldn’t forget that.”

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About Battle Born Progress: Battle Born Progress, through strategic communication efforts, empowers, engages and mobilizes Nevada voters to build a state where everyone has a fair opportunity to succeed. We support, engage, and mobilize the progressive community through bold leadership, strategic communications, accountability, and education. We are on the cutting edge of new media and are the go-to source for progressive issues and advocacy for traditional media.