CA Rent Control Statewide

[Jordan Moorhead]

CA just passed a Statewide Rent Control ordinance as part of their renter protection plan, Minneapolis is working on similar regulations.

How will this affect how you invest in California? I’m curious as Minneapolis probably won’t be far behind and this seems to be the trend in larger metrics across the country. I think we all need to seriously consider how we’re going to deals with controls like this.