MIAMI—When it comes to multifamily adaptive reuse, what are the biggest challenges? And how does ROI play into the mix? We caught up with Walt Mercer, executive vice president and head of the Commercial Real Estate Line of Business for SunTrust Banks to get his take on the issue. (Be sure to check out part one of the interview, where Mercer discusses the impact of interest rates on SunTrust lending.)
GlobeSt.com: Does adaptive reuse tend to work better in some markets than others?
Mercer: Higher-population, urban core areas are typically better suited for adaptive reuse developments.
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