Los Angeles Los Angeles

"Rent control is a failed policy," said Greg Brown, SVP for government affairs at the National Apartment Association, in the opening panel at GlobeSt Apartments in Los Angeles yesterday. Brown kicked off the two-day conference, speaking on the An Economic and Regulatory Briefing: What's Possibly Ahead for the Multifamily Sector? panel, moderated by Ed Zimbler, senior managing director conventional organization at Berkadia.

The discussion focused on rent control regulations across the country, including California, which most recently passed a statewide rent control measure. "Forty years of research has proven rent control is the wrong answer. It is a failed policy. Full stop," he said.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.