Checking in on Multifamily Conversions
Berkadia Hotels & Hospitality has increasingly been working with clients to consider whether their assets could be marketed as a multifamily conversion. At a high level, we advise clients to assess feasibility in three key areas—site and structure, legal, and financial—when determining whether and how to market as a conversion opportunity. Combing our hotels with Berkadia’s broader multifamily expertise has enabled us to provide truly comprehensive insight and advice. As a result, a number of clients have achieved higher sale proceeds for their assets from market-rate or even affordable housing developers interested in conversion. Click here to learn more.
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