In April, Think Realty launched an initiative to start a meaningful dialogue with legislators in a one-day event called Think Realty’s Day on the Hill. The goal was to inform legislators on the real estate investment industry, how it functions, and how investors can help solve issues in affordable housing and more. A team of investors and Think Realty associates visited multiple policy makers in a roundtable forum. The conversation was well received, and members left encouraged for further conversations.
Day on the Hill attendee, Aaron Chapman with Security National Mortgage said, “I believe there to be an untapped segment of private capital that can be sourced and deployed in a way to bridge the gap in our current housing market.”
Small investors are catalysts in reshaping our communities. Part of the initiative is to change misperceptions of real estate investors, and legislators were receptive. Jason Stverak, Deputy Chief of Staff to Senator Kevin Cramer (ND), said [essentially, real estate investors] “are investing in people, not stocks.”
Legislation like the Safe Act prevents individuals from investing in their communities, while large lenders continue to benefit, and communities remain undervalued. Conversations like the ones had on Think Realty’s Day on the Hill can lead to reform.
“We have the inventory. We have the capital. But we are bound by legislation,” said Eddie Wilson, CEO of Think Realty. This experience was a positive step to improving inhabitability and home values as well as giving real estate investors a voice in subsequent dialogue with legislators.