Richard Ross, CEO of Quinn Residences, was featured in The New York Times’ article that addresses a landmark housing package under consideration in Congress that would ease the housing shortage and introduce new restrictions on institutional investors in the single-family rental market.
Richard shared insights on how a provision requiring large investors to sell newly built rental units to individual owners after seven years could affect the build-to-rent industry. He states, “If this bill passes as is, I can’t really grow.” The piece notes that, like many other homebuilders, Richard “finances his projects by bringing on investors who want the option to sell their stake down the line.
”The desire to live in a single-family home is the DNA of America.
Richard RossCEO of Quinn Residences
Read the full article in The New York Times.
