Will rent control dent the multifamily market? Lenders, investors weigh in
Ben Lamson, the founder of Bluestar Properties, has been a real estate investor, owner and manager in the Inland Empire for three decades. But California’s march toward a landmark rent-control law served as his eviction notice.
Lamson sold his $15 million portfolio of apartment buildings in a swath of Southern California that extends from Victorville and Lake Elsinore to Long Beach and Torrance. He’s packing up and moving to Nevada, making property investments in what he described as a “friendlier state.”