Bill > HB1064

This bill introduces new restrictions on hedge funds' ability to own single-family residential properties in Oklahoma. The bill first defines a "hedge fund" as a business entity primarily focused on investing capital in equity securities to achieve high returns, explicitly excluding pension funds, insurance companies, banks, and other regulated financial institutions. Under the proposed law, hedge funds and their subsidiaries are prohibited from acquiring title to single-family residential properties within the state. Furthermore, any hedge fund or its subsidiary that already owns such property as of the effective date (November 1, 2025) must sell or divest the property within ten years. The legislation specifically requires that any required property transfer cannot be made to another hedge fund or its subsidiary. The purpose appears to be preventing investment entities from purchasing and potentially controlling residential real estate markets, potentially with the aim of protecting individual homeownership and local housing markets from large-scale institutional investors.

Business and Industry, Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1064&Session=2600