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The X Factor for Distressed Condo Investors

MIAMI—Will it be business as usual for distressed bulk condo investors in the face of these factors or will it deter savvy players from entering the market?

By Jennifer LeClaire | Updated on May 07, 2015

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.

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