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

Regulatory Updates, Impact on Foreign Sales/Investment Transactions, Legal Challenges

A live 90-minute premium CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Thursday, August 1, 2024

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, July 5, 2024

or call 1-800-926-7926

This CLE webinar will provide an overview of the ever-increasing state laws restricting foreign ownership of U.S. real property, addressing differences between the laws, and closely examining some of the more notable laws such as that in Florida. The panel will address what impact these state laws will have on real estate transactions and offer best practices for assisting multistate and international clients to navigate this evolving regulatory landscape.

Description

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 the state of 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.

Counsel should understand the current state of this regulatory scheme given the number of laws now in effect or being considered for enactment and the impact these will have on real estate transactions.

Listen as our expert panel provides an overview of state laws restricting foreign ownership of U.S. real property. The panel will address how the laws vary and take an in-depth look at some of the more notable laws of which counsel should be aware. The panel will discuss the impact these laws will have on real estate transactions and offer best practices for navigating this regulatory landscape.

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Outline

  1. Introduction
    1. History of state regulation of foreign ownership of U.S. real estate
    2. Interaction with federal law
  2. Examination of notable state laws (covered entities, transactions, and property type; enforcement)
    1. Florida
    2. North Dakota
    3. Tennessee
    4. Indiana
    5. Others
  3. Legal challenges
  4. Practitioner takeaways

Benefits

The panel will review these and other important issues:

  • 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

D'Angelo, Massimo
Massimo F. D'Angelo

Partner, Co-Chair Real Estate Industry Team
Blank Rome

Mr. D’Angelo represents high-end fashion brands, media conglomerates, multinational corporations, owners,...  |  Read More

Additional faculty
to be announced.
Attend on August 1

Early Discount (through 07/05/24)

Cannot Attend August 1?

Early Discount (through 07/05/24)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

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