Are deconversions dead? Not according to Taylor Johnson client Interra Realty, which has handled a number of them this year, including the recent $17 million sale of 2730-66 Hampton Parkway, a 91-unit multifamily building near Northwestern University in Evanston. Why are deconversions still attractive, even after Chicago raised the threshold for owner consent from 75% to 85%? We pitched a byline on the topic by Interra Managing Partner Pat Kennelly to the Daily Herald Business Ledger, and in the resulting article, Kennelly explained how for many owners and investors, particularly in the suburbs, they still make financial sense. Read the article here.

Interra Realty recently brokered the $17 million deconversion sale of 2730-66 Hampton Parkway in Evanston, a transaction that underscores investor demand for condo buildings that can be converted back to rentals.