The financial aspects of three actual 1981 conversions are described here, each representative of a particular type of conversion. Time lines for development, income and expenses, and profits and loss are recorded for each project. A comparison of three apartments is made in terms of costs to the renter or owner before and after conversion. The effects of conversion on real estate taxes are analyzed.
Twin Cities Conversions. The Case Studies: How the Finances Work..
Center for Urban and Regional Affairs, University of Minnesota..
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