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Updated Rent Control Decreases Cash Flow

SAN JOSE—An updated rent control ordinance reduces annual increases to 5%, eliminates the catch-up rent exception and debt pass-through, and places greater restrictions on passing through capital improvement costs, as discussed in this EXCLUSIVE.

By Lisa Brown | lisabrown | Updated on August 26, 2016

Shields says owners may be forced to purchase a property in a city without rent control.

SAN JOSE—The adoption of San Jose’s new rent control ordinance is, of course, having an impact on multifamily properties. Michael Shields, managing director, Silicon Valley multifamily group of JLL discusses these impacts and other issues surrounding the ordinance in this exclusive.

GlobeSt.com: San Jose already had rent control. What makes this new ordinance different?

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