commercial loan news

April 29, 2009

Apartment Conversions Down, Condo Leasing Up

Source: Columbus Dispatch

About four percent of housing complexes that were sold in the U.S. this year for more than $5 million have been converted into apartments, up from less than 1 percent for most of the decade, and no apartments have been resold as condos this year, according to Real Capital Analytics, a New York consulting firm.

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