JPI

Proud to be a part of this team!

What an incredible milestone for Mobia Medical . I couldn’t be more proud of my dad, Doug Ellison , for his determination, leadership, and relentless drive in helping turn this vision into a reality. Watching his commitment to refining the Vivistim device made last week’s bell ringing on Wall Street especially meaningful. This moment reflects years of perseverance and a clear mission to improve the lives of stroke survivors. Proud of what has been accomplished and looking forward to what’s ahead for the Mobia Team!

Build-to-rent housing would be fully protected under the House’s answer to the Senate’s ROAD to [Less] Housing Act released late last night. The House bill still bans larger investors from buying existing homes and favors wealthier buyers over less-wealthy renters; however, there are more clearly defined exceptions and far less bureaucratic red tape than Senate version. Highlights and takeaways (based on my reading of the House bill, and friendly reminder that I'm no lawyer): 1) Investors can build or buy any type of new single-family rental housing – including build-to-rent homes in traditional for-sale subdivisions, as well as BTR communities. This would allow homebuilders to continue to do pre-sale agreements with SFR operators, thereby maximizing total supply creation. 2) Investors can buy and rent out homes needing substantial structural repairs, protecting homes that traditional homebuyers are unlikely to buy. Specifically, the bill exempts homes that do not meet local building codes for structural / core systems OR that do not meet standards to qualify for a conventional mortgage. This is critical, as Urban Institute research has documented challenges for individual homebuyers to buy such homes. 3) There are a number of other allowable exceptions, including certain types of niche housing (manufactured homes, seniors, affordable, military). Additionally, large investors can buy homes from each other – protecting portfolio sales. And the bill also exempts BTR communities (platted on single parcel) and other types clustered rental homes (5+ contiguous rental units). 4) There’s also an exemption for pathway to homeownership programs. It’s a bit more detailed than the Senate’s version, but still vague. It includes requirements like rent reporting to credit bureaus, right of first refusal (allowing renter first dibs if home is put on market), and “meaningful” financial support for the renter to buy a house, though doesn’t define “meaningful.” The SFR operator can’t charge the renter a premium to be in a pathway to homeownership program (which would be tough to measure/monitor). 5) Unlike the Senate bill, there’s no forced disposition requirement for any home built or legally acquired. 6) The bill requires investors with 350+ homes to report details of their portfolio to HUD. 7) The bill creates a renter “helpline” – a website and phone number for renters to report illegal behavior by large investors, and SFR operators must prominently promote the helpline to renters. 8) It only impacts owners with investment control, not third-party fee managers. So groups that manage 350+ homes (but don’t own 350+) are exempted from the acquisition and reporting requirements. Additionally, the broader House bill is far more pro-supply than the Senate's version. A much superior bill overall, even if still imperfect. We'll see where this goes... #housing #sfr

Big kudos to the teams helping push this forward. Bringing AR and spatial computing into multifamily construction isn’t just about new technology — it’s about solving real coordination challenges at scale and giving field teams better visibility before work is put in place. Proud to see the collaboration across operations, VDC and technology teams turning innovation into practical execution on our jobsites. 👏🏗️ Big shout out to Maret Thatcher and her team in working with us to operationalize this piece of technology in the multifamily world!