Henry Manoucheri Henry Manoucheri

In November, Californian’s will vote on a measure that would repeal 1995 Costa Hawkins Rental Housing Act, which regulates rent control throughout the stay. If the repeal occurs, rent control could be expanded or added to new markets that don’t currently adopt rent control policies. Apartment investors are concerned about the measure, but there are ways to prepare. Universe Holdings, an active apartment investor in Southern California, has been looking at and buying rent control properties in California to hedge against the potential impact of expanded rent control.