Highpointe
182-unit Alexandria conversion
182
Total Units
Significant
Value Increase
N/A
Year Converted
VA
State
Property Details
Unit Types
N/A
The Transformation
From Challenges to Success
Before Conversion
The Challenges
Very high investor population prior to the conversion.
Co-op owned many units due to shareholder defaults creating sever hardship for remaining shareholders.
Limited financing alternatives for Co-op owners resulted in low market prices and slow sales.
After Conversion
The Results
Owner Occupant ratio increased immediately post-conversion to condominium and has been steadily climbing.
The Hutton Group arranged bridge loan to fund conversion of these units to condos which were ultimately sold at huge profit for the complex.
Owners now able to secure competitive financing on higher valued condos with excellent market absorption.
Financial Impact
Financial Impact
Results shown are from a representative unit. Individual results vary by unit size and condition.
Property Location
Highpointe
5911 Edsall Rd, Alexandria, VA 22304
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