Speaking Engagement

States Increasing Limits on Foreign Ownership of U.S. Real Estate: Navigating the Evolving Regulatory Landscape

Blank Rome partners Massimo F. D'Angelo and Anthony Rapa will serve as presenting faculty for States Increasing Limits on Foreign Ownership of U.S. Real Estate: Navigating the Evolving Regulatory Landscape, a live Strafford webinar taking place Thursday, August 1, 2024, from 1:00 to 2:30 p.m. EDT.

ABOUT THE PROGRAM

In response to national security and geopolitical concerns, over half of U.S. states have either enacted or are considering enacting legislation governing the ownership of U.S. real estate by foreign entities. The state restrictions vary in their application to different types of land, buyers/investors, and covered jurisdictions. They also differ in requirements—some simply mandate disclosure of foreign ownership while others prohibit certain transactions outright.

One of the more well known and controversial laws is Florida’s limits on the ability of foreign principals to own agricultural land and land within 10 miles of any military installation or critical infrastructure facility in the state. Additionally, the law specifically limits the ability of Chinese nationals to buy any Florida real property and includes certain civil and/or criminal penalties for Chinese nationals who buy the property and for those selling the property. This law is facing legal challenges.

Massimo and Anthony will provide an overview of state laws restricting foreign ownership of U.S. real property, address how the laws vary, and take an in-depth look at some of the more notable laws of which counsel should be aware. They will also discuss the impact these laws will have on real estate transactions and offer best practices for navigating this regulatory landscape.

Topics include:

• Why have the states increased their scrutiny of foreign ownership of U.S. real property?
• How do the state laws interact with federal law?
• In what ways do the state laws vary?
• What are some of the notable enforcement mechanisms and penalties under these laws?
• What legal challenges are some of the laws facing?
• What are best practices for assisting clients with navigating this evolving regulation?

Faculty:

• Massimo F. D’Angelo, Partner and Co-Chair Real Estate Industry Team, Blank Rome
• Anthony Rapa, Partner and Co-Chair International Trade Practice Group, Blank Rome

The webinar includes interactive Q&A and CLE credit is available.

For more information and to register, please visit the webinar webpage.