The Co-op to Condo Conversion Specialists™

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Arlington Oaks

Client
 Arlington Oaks
Date Converted
 Converted 1997
Location
Viriginia
Building Website
 Visit online

Property Information

Location Arlington, Virginia
Number of Units 327
 

Before Conversion

As a Co-op

After Conversion

As a Condo

  1. Large Co-op with stagnant market values.
  2. Had over 70% Investor population prior to conversion
  3. Units built in 1950’s with substantial deffered maintenance and capital replacement requirements.

  1. Unit prices skyrocketed and has been increasing well above general market rates.
  2. Reduced investor population to less than 50% soon after the conversion.
  3. Condo association able to use increased reserves to bridge conversion costs for differ participants and still afford to complete capital projects

PDF of Case Study: Arlington Case Study