Revises provisions relating to real property. (BDR 10-288)

SB 395-82 limits corporate and limited-liability company (LLC) investors to purchasing no more than 1,000 residential units (homes/apartments) statewide in any calendar year, with exceptions for intracorporate transfers and new construction. It requires these entities to register with the Secretary of State’s Securities Division before buying property and mandates that property deeds include a registration copy and a clear statement that the property is not the owner’s primary residence. The bill also appropriates funds to cover the costs of maintaining the registry and implementing these requirements. This directly affects large-scale corporate real estate buyers but excludes family trusts and housing authorities from the restrictions.