Relating to: prohibiting hedge funds from acquiring single-family homes in this state. (FE)

AB 213 prohibits hedge funds managing $50 million or more in assets from acquiring or owning single-family homes in the state. It defines "hedge fund" as investment entities meeting specific criteria (not tax-exempt organizations, managing pooled investor funds). Violations require forfeiting the home to the state, enforced by the attorney general, but only apply to ownership acquired after a future effective date - existing holdings are unaffected. The bill directly affects large hedge funds meeting its financial and structural definition, not all real estate investors.