Prohibits ownership of real property in State by adverse foreign governments and certain associated persons.

New Jersey's S 382 prohibits "adverse foreign governments" (like China, Russia, Iran, and North Korea, as designated in recent U.S. intelligence assessments) and their affiliated persons from acquiring new real property in the state. It bans these entities from purchasing or obtaining ownership interests in land, buildings, minerals, water rights, or other real property after the bill takes effect. Existing owners must sell within five years, though exceptions apply for debt collection or inheritance. The law targets foreign entities deemed security threats to U.S. critical infrastructure and economic interests, aligning with federal intelligence findings.