News & Publications

Highlights The Committee on Foreign Investment in the United States (CFIUS) recently published proposed rules governing the foreign acquisition and ownership of real estate, with far-reaching consequences for both real estate purchasers and would-be landlords to the federal government. Comments on the proposed regulations are due by Oct. 17, 2019, but it is expected that the proposed rule will likely be adopted as the final rule with minor alterations. This Holland & Knight alert addresses [...]

Value-add, core and core-plus real estate investors should be aware that on October 8, 2019 California Governor Gavin Newsom signed the Tenant Protection Act of 2019 – Assembly Bill 1482 into law (the "Act"). The Act both imposes a statewide rent increase cap of 5 percent plus inflation per year for the next 10 years and also provides residential tenants with "just cause" eviction protection. Owners of, and investors in, multi-family and single-family residential real estate should [...]

The Federal Reserve Board, OCC and FDIC joint final rule exempting residential real estate transactions of $400,000 or less from appraisal requirements was published in the Federal Register. The final rule went into effect on October 9, 2019. As previously covered, in addition to raising the appraisal threshold from $250,000 to $400,000, the final rule will: require institutions whose transactions are exempted from the appraisal requirement to get an evaluation of the real property collateral that contains "sufficient [...]