Mediaboss Marketing

December 9, 2019

Rent control activists have again submitted signatures to qualify a new initiative for Californias 2020 ballot. The failed 2018 initiative prompted a legislative solution brokered by state lawmakers and the Governor capping rent increases without seemingly derailing apartment investors and owners operating in the state.

That collaborative solution, as Connect Media reported following a Marcus & Millichap rapid response webinar in October, made substantial strides addressing the issue from a common ground approach with Californias multifamily industry representatives. M&Ms Research Director John Chang said at the time that from the fundamental revenue and income producing aspect, the new law generally wont have a huge effect on the majority of assets.

That could change dramatically next year since Californias voter initiative is a plenary power that transcends legislative powers and could erase the brokered solution. Expect industry leaders to analyze potential impacts as Californias Secretary of State verifies signatures.

Read more at Sac Bee

California Apartment Association Members Read more here

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Tags: Apartments & Multifamily, Politics

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Signatures Submitted to Qualify 2020 California Rent Control Initiative

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Read more from the original source:
Signatures Submitted to Qualify 2020 California Rent Control Initiative - ConnectCRE