‘Broken condos’ new investment niche 
Multifamily properties moving from owner-occupied to rentals
It’s a new, if somewhat stigmatized, real estate investment category: “broken condos.”
Three or four years ago, during the height of the residential real estate boom, some buyers, drawn by the promise of a carefree lifestyle, gravitated to condominiums. Developers around the country stood ready to answer demand, building thousands ...Login required
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