Texas Senate Bill 17 – Foreign Ownership Restrictions and Implications for Building Owners

As you all are aware from our legislative presentations and discussions, SB 17 is an important law that was signed off by the Governor. 

SB 17 introduces stringent measures that will reshape the landscape of residential, commercial, and industrial real estate transactions in Texas by impacting foreign investments from Designated Countries. We recommend reviewing your current and prospective real estate leasing procedures and documents to ensure compliance with this new legislation. Please see the letter below drafted by Robert Miller of Troutman Strategies for guidance.

If you have any questions, please do not hesistate to reach out to Robert Miller at robert.miller@troutman.com.