As CBS News Atlanta previously reported, more than one in four single-family rental homes in metro Atlanta are owned by large corporate investors — more than 72,000 homes — giving the region one of the highest concentrations of institutional ownership anywhere in the United States.
Housing advocates have argued that those companies can outbid families with cash offers, reducing the number of homes available to first-time buyers while contributing to higher home prices and rents.
Warnock has repeatedly cited those trends in pushing the legislation, saying corporate investors have increasingly treated homes as financial assets instead of places for families to live.
Probably simply that affiliated companies don’t count towards that total number. So they can make an infinite number of subsidiaries as long as they’re individually under 350 properties each.
Uh, no, not subsidiaries. Partnerships maybe but not even contractors. Most they could do is offer loans.