Deme Mekras, Regional Managing Partner, Franklin Street
“Bulk condo sales will continue strong through this year, but they will be tied to inventory from failed conversions of older product. There are many considerations that affect the values of bulk purchases as compared to straight multifamily deals such as, control and health of the HOA and far fewer options for financing. Buyers of these bulk units will have various business plans ranging from collapsing the HOA and reverting to a purse rental property to focusing again on condo sales at prices adjusted for the new market.”
Specialty: Multifamily Investment Sales Download PDF
