MIAMI—What if Governor Scott signs pending legislation that's sitting before Florida lawmakers provides protection to condo owners in bulk sales? It's an X factor that could change how distressed asset investors look at opportunities.
Jason Kellogg, a partner at Miami-based litigation firm Levine Kellogg Lehman Schneider + Grossman explained how two concurrent bills—SB 1172 and HB 643—would force bulk buyers of condominium complexes to pay a premium to holdout owners who don't want to dissolve the association in part one of this interview. Now, Kellogg explains exactly how these X factors could pan out.
GlobeSt.com: Traditionally bulk buyers buy units with the intent of dissolving the homeowners association, is this always the case? In what instances would it be beneficial to keep the association intact?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
