Increased transparency for investment acquisitions of residential real estate
The Act modifies premerger notification requirements under the Clayton Act regarding acquisitions of residential property. It mandates that all residential property acquisitions by a person within a calendar year be treated as a single acquisition, requiring notification once specific thresholds are met. The Federal Trade Commission (FTC) and the Department of Justice are tasked with issuing rules to determine if such aggregated acquisitions violate antitrust laws.
Key points
Transaction Aggregation: All acquisitions of residential property by a person within a calendar year are deemed a single acquisition for reporting purposes.
Exemptions and Definitions: The rules apply to residential property (including single-family and multifamily homes) and investment rental property, but exclude places of short-term lodging.
Oversight Role: The FTC and the Department of Justice will issue rules regarding the documentation necessary to determine if acquisitions violate antitrust laws.
Status:
Expired
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