Condo Deconversions: Struggling Associations Look to Multifamily Investors

Urban Land Magazine, Mar. 23, 2022–Alby Gallun
Ontario Place, a 51-story condominium tower in downtown Chicago, is undergoing a messy metamorphosis. It opened as an apartment building in 1983 and went through a conversion to condominiums in 2005 amid a booming condo market. Now, it’s on the cusp of becoming a rental property once again. But the process has not been easy or quick. https://urbanland.uli.org/development-business/multifamily-investors-helping-struggling-condo-associations-to-deconvert/