Prohibits certain institutional investors from purchasing or acquiring single-family homes.

This bill would generally prohibit "institutional investors" (large investment firms or entities controlling multiple properties) from purchasing or acquiring single-family homes in New Jersey, including townhomes. It defines "institutional investor" to exclude small investors owning four or fewer homes, nonprofits providing affordable housing, family trusts, and entities acquiring homes through foreclosure or eminent domain. The law applies to all single-family home purchases unless exempted under specific provisions, such as for nonprofits serving affordable housing or small-scale investors. It does not affect individual homebuyers or most standard real estate transactions.