Pending legislation introduced by SF Supervisor Fewer would amend the City’s laws to give certain qualified non-profit organizations certified by the City the first right to purchase multi-family rental properties and certain vacant lots in San Francisco: bit.ly/2UMcA77
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ROFR could drive sale prices down as serious bidders will be less likely to invest time/resources in the process, only to have the deal scooped by someone else. If this happens, expect to see some interesting deal structures in order to dodge the ROFR threat.