Tennessee HB1777 amends state laws to address real estate investment trusts' purchases of single-family homes in 2025.
Tennessee HB1777 amends various state laws to address real estate investment trusts' purchases of single-family homes in 2025. It defines a "real estate investment trust" as a business entity that qualifies under federal law and purchases ten or more homes in Tennessee in 2025. The bill requires the comptroller of the treasury to report on these purchases by December 31, 2026, including details on the number of homes, their appraised values, and whether they were acquired through foreclosure, sold, or used as rentals.
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