Client Alert: Pending Legislation May Impact Conversion of Chicago’s Condominiums to Apartments

There is legislation pending in the Illinois legislature that, if passed, would make acquiring entire condominium projects more difficult for investors and developers seeking to convert existing condominium projects to rental properties. This client alert discusses the new pending legislation as well as the process to acquire and de-convert existing condominium projects. 

This client alert, written by Chad Richman, a Partner in Freeborn's Real Estate Practice Group, discusses the new pending legislation as well as the process to acquire and de-convert existing condominium projects.

Click the button below to read the full alert.