an investment fund, corporation, general or limited partnership, limited liability company, joint venture, association, or other for-profit entity that is a legal entity structured in a manner that is not aforementioned…
with at least 350 single family homes, “alone or in concert with 1 or more other entities”, cannot “purchase, or enter into a contract to directly or indirectly purchase, any single-family home.”
There are exempted purchases, and I’m not sure what exempts a purchase. But to answer your question, those are who are affected, not only private equity (but it’d be odd for any company that isn’t private equity to own 350 single family homes).
But any other entity can? I mean I guess it’s a start, but…
The bill (which is now law) states that…
with at least 350 single family homes, “alone or in concert with 1 or more other entities”, cannot “purchase, or enter into a contract to directly or indirectly purchase, any single-family home.”
There are exempted purchases, and I’m not sure what exempts a purchase. But to answer your question, those are who are affected, not only private equity (but it’d be odd for any company that isn’t private equity to own 350 single family homes).