AZ HB2325

Prohibits institutional investors (entities owning 10+ single-family homes in Arizona) from owning more than 50 single-family homes statewide, bidding on homes within the first 60 days of listing, or making bulk purchases of two or more homes within a 12-month period.

Defines institutional investors to include corporations, LLCs, partnerships, REITs, and trusts that own or manage 10 or more single-family homes in the state.

Exempts nonprofit affordable housing organizations, government housing agencies, community land trusts, homebuilders, entities owning fewer than 50 homes, and pension funds with assets under $5 million.

Requires institutional investors to file annual disclosures with the Arizona Department of Housing by March 15, reporting all single-family homes owned, purchased, and sold during the previous year.

Authorizes enforcement by the Attorney General, county attorneys, or city attorneys, including investigations and injunctive relief, with good faith compliance serving as an affirmative defense.