News & Publications

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 [...]

On September 17, 2019, the Department of the Treasury issued long-awaited proposed rules implementing many of the provisions of the Foreign Investment Risk Review Modernization Act of 2018 ("FIRRMA"), which substantially expanded the jurisdiction of the Committee on Foreign Investment in the United States ("CFIUS") to conduct national security reviews of foreign investment in the United States. The proposed rules were issued in two parts: 31 CFR Part 800 - Provisions Pertaining to Certain Investments [...]