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MAGGIO Condominium Conversion Services
Increase the market value of your multi-tenant commercial office buildings, extract cash and reduce your debt.
Since 1995, MAGGIO has been establishing itself as a leader in the commercial condominium conversion business. MAGGIO has an innovative and profitable real estate business model that can be successfully leveraged in today’s commercial real estate and financial markets. MAGGIO’s business model is acquiring existing Class “A” and “B” medical / professional office buildings throughout the United States and internationally, then converting the properties into office condominiums. The MAGGIO business model provides for the re-sale of approximately 25% to 50% of the office suites to the existing (and new) tenants at a significant own versus rent cost savings.
Can Arbitrage be applied to Real Estate?...
The "simple" answer is YES, with the caveat of deal structure, market and timing!
The old saying that "Something is only worth what someone is willing to pay," holds true in this case, and of creating your own market.
One way to accomplish this in real estate is "Condominium Conversion".
...Yes, the short of it is, "the pieces are worth more than the whole".
Condominium conversion or condo conversion is the process of entitling an income property or other lands currently held under one title to convert from sole ownership of the entire property (which often already is a multi-unit property) into individually sold units as condominiums.
Although it may sound simple, there are some important, intricate and accelerating factors. These factors include but are not limited to condominium buyer benefits; *Federal
Tax savings acceleration through cost segregation
Contact us today to find out if MAGGIO Condominium Conversion Service is right for you
Michael D. Maggio
CEO / Manager
MAGGIO International, LLC
(331) 222-8418 email: firstname.lastname@example.org Skype: Michael.Maggio54
Commercial Condominium Conversion and Development
*Chicago *Dallas *Honolulu *Houston *Palm Beach *Phoenix