REITs Playing with Fire?
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
As if this is news, Investors.com is reporting that “condo conversions surge” in big boom markets like San Diego and New York. Making news however is the largest single residential building earmarked for condo conversion. The Manhattan House is a 583 unit apartment building currently being operated as a multi-family rental property. Soaring home prices are apparently too much of a draw for some investors.
According to Real CApital Analytics (RCA), condo conversions have accounted for 43% of the $62 billion in national apartment property transactions from the beginning of the year through September. While most of the money behind these speculative investments is private, REITs like Equity Residential, Post Properties and Colonial Properties Trust are getting into the game. It is a crazy world out there.
Destination Clubs Find Their Niches
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
Source: Destination Clubs Find Their Niches
In a new twist, the high-end variations on time shares known as destination clubs are becoming even more specialized.
Your Own Little Place
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
Source: Living Here: Your Own Little Place
Pied-à-terre apartments used as second homes.
Warm Sand, Majestic Surf and Maybe a Little Rain
For more information or to view this property,
contact Ruth Golod, Vice President at the Corcoran Group: (212) 893-1723.
Source: Havens | North Shore of Kauai, Hawaii: Warm Sand, Majestic Surf and Maybe a Little Rain
The North Shore, with quieter tourist activity than the island’s South and East Sides, still feels natural.