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pat jackson Pat Jackson

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While the commercial real estate industry is seldom an advocate for rent control measures, the industry is split over the new state rent control bill. While there has been concern about how it could impact value-add investment and apartment quality for current owners and operators, some are also seeing the laudable aspects of the bill, which is aiming to keep people in their homes amid a severe supply crisis.

“Affordable housing in California is a legitimate cause,” Pat Jackson, CEO of Sabal Capital Partners, tells GlobeSt.com. “A lot of people want to figure out how to solve the affordable housing problem in California. Then, once the Governor got behind it, I expected it to pass, and indeed it did. They did a good job as far as going back out to industry and getting developers sign on. It relieved a lot of concerns that this will stifle new supply coming into the marketplace.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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