Committee advances bill that would require REITs to list a local contact for properties
February 12, 2026 | 2026 Legislature TN, Tennessee
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The State & Local Government committee voted Feb. 11 to advance House Bill 15 01, a proposal that would require real estate investment trusts (REITs) owning 10 or more properties in a locality to list a contact name, telephone number and physical address for local officials to use when a property needs attention.
The sponsor explained the bill "would have to put an agent's name, telephone number, and physical address" for REITs with more than ten properties, and emphasized the measure "stays completely away" from piercing ownership or creating a registry. The sponsor said the change is a local response to mayors and city officials who lack a straightforward way to reach an owner when properties become blighted.
Representative Butler asked for clarification and said she had previously raised concerns in subcommittee that the measure might create a registry. "This is not creating any kind of registry for real estate," Butler said; the sponsor agreed, restating that the requirement is a practical contact point and not a registry of ownership.
Representative Chisholm said she intended to support the bill, citing local problems with multiple properties that have no obvious point of contact. After adopting amendment 012176, the committee voted 20–0 to move the bill to calendar rules.
What happens next: The bill will appear on the calendar for further consideration. Implementation details — including how local governments would enforce or use the contact information and whether administrative rules are needed — were not discussed in detail in committee and would be addressed if the bill advances.
Vote: The clerk recorded 20 ayes and 0 nos on the committee motion to advance the amended bill.
The sponsor explained the bill "would have to put an agent's name, telephone number, and physical address" for REITs with more than ten properties, and emphasized the measure "stays completely away" from piercing ownership or creating a registry. The sponsor said the change is a local response to mayors and city officials who lack a straightforward way to reach an owner when properties become blighted.
Representative Butler asked for clarification and said she had previously raised concerns in subcommittee that the measure might create a registry. "This is not creating any kind of registry for real estate," Butler said; the sponsor agreed, restating that the requirement is a practical contact point and not a registry of ownership.
Representative Chisholm said she intended to support the bill, citing local problems with multiple properties that have no obvious point of contact. After adopting amendment 012176, the committee voted 20–0 to move the bill to calendar rules.
What happens next: The bill will appear on the calendar for further consideration. Implementation details — including how local governments would enforce or use the contact information and whether administrative rules are needed — were not discussed in detail in committee and would be addressed if the bill advances.
Vote: The clerk recorded 20 ayes and 0 nos on the committee motion to advance the amended bill.
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