Could coronavirus lead to Chicago condo deconversion resurgence?

Could coronavirus lead to Chicago condo deconversion resurgence?

Though a new law has made condo deconversions trickier to execute in Chicago, it hasn’t killed the investment strategy. Not by a long shot. Deconversion deals – in which an investor scoops up all the condo units in a building and converts them to rental apartments –...
Kiser Group brings 70-unit LaSalle Towers to market as condo deconversion

More Chicago condos morphing into apartments

The coronavirus has pushed many real estate dealmakers to the sidelines, but it hasn’t stopped the business of converting condos into apartments. In Edgewater, local landlord Becovic Management Group has paid $13.3 million for Shore Manor, a 90-unit condominium...
State of the Market: Chicagoland Condo Deconversion in 2020

State of the Market: Chicagoland Condo Deconversion in 2020

By Andy Friedman, Kiser Group Over the last few years, the sale of an entire condominium building to one investor proliferated in Chicago. Condo Deconversions, as they are called, have been well documented in the press and have been known to cause a lot of emotions...
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