Developer Petitions High Court Over San Rafael Rent Control

Law360, New York (September 05, 2013, 5:46 PM ET) -- A California developer asked the U.S. Supreme Court on Tuesday to weigh in on the city of San Rafael's rent control laws, claiming that it has lost 81 percent of the value of a mobile home property to its tenants as a result of a city ordinance unfairly directed at the company.

MHC Financing Ltd. Partnership and Grapeland Vistas Inc. purchased the 396-unit Contempo Marin manufactured home community in San Rafael in 1994 as part of a larger portfolio acquisition.

Under California's Mobilehome Residency Law, MHC...
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