Thursday, January 10, 2008

Orlando-area landlords shift to apartment rentals after condo bust

From the Orlando Sentinel:

Apartments are beginning to draw more attention from potential tenants in some parts of the Orlando area -- though in others, apartments are still chasing renters with discounts and deals.

Complex owners put the brakes on the conversion-to-condos craze during the past year, and now the leasing side of the ledger is regaining a marketing advantage for them.

RP Realty Partners, for example, decided in October against converting The Majestic of Downtown Baldwin Park to condominiums -- a decision that has paid off for the California real-estate investment company.

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