Articles about Condo Conversion
About Condo Conversion
Condo conversion is the process of entitling an income property to convert from sole ownership of an entire multi-unit property into individual sale units. Many types of of properties undergo a condo conversion including residential, commercial, and industrial
Condo Conversion Articles
Condo Conversion Craze
Condo conversion developers are swarming markets across the country, paying a premium to acquire and convert rental properties into condos...
The Late, Great Condo Conversion Boom
The air has been sucked out of the condo conversion boom. With demand slipping, underwriters are taking a harder look at condo conversion plans. The pace of condo conversions has fallen sharply, according to Real Capital Analytics...
Condo Conversion Craze in South Florida Draws Critics
Condo conversions are hot, but nowhere are they hotter than on south Florida’s east coast. Over the past 19 months alone, developers have converted 31,000 south Florida apartments into condos....
Condo Conversion Loans Raise Red Flag
Concerns are rising that many condo conversion loans might sour, given the prospect of higher interest rates and overbuilt condo markets...
Condo Conversion Hangover?
With interest rates rising, housing markets cooling and condo conversion demand slowing, the condo conversion party is expected to wind down. Condo converters, who accounted for more than half of the multifamily buying binge, will step back from the table....
