Minnesota SF4102 prohibits private equity companies from owning single-family homes.

Minnesota SF4102 prohibits private equity companies from owning single-family homes. The bill defines a private equity company as an investor or group of investors primarily engaged in raising or returning capital and investing in specified assets. The prohibition applies to both direct and indirect ownership interests in single-family homes. The attorney general is authorized to enforce this prohibition. The law takes effect August 1, 2026, and applies to interests in real property acquired on or after that date.

Minnesota SF4102 prohibits private equity companies from owning single-family homes.

Minnesota SF4102 prohibits private equity companies from owning single-family homes. The bill defines a private equity company as an investor or group of investors primarily engaged in raising or returning capital and investing in specified assets. The prohibition applies to both direct and indirect ownership interests in single-family homes. The attorney general is authorized to enforce this prohibition. The law takes effect August 1, 2026, and applies to interests in real property acquired on or after that date.