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Five Considerations in a Condo Deconversion (IL)

/ Owner - May 22, 2019

In the past few years, the demand for rental units has increased due to a number of factors including rising home prices, declining homeownership among seniors, increased single-person households, and tougher mortgage lending standards. Accordingly, a new phenomenon has emerged where all the units in a condominium building are sold to a third party who then “de-converts” the condominiums to apartments.    Read the article…………………….

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