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Condos To Rentals And Back To Condos?

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A Miami developer has purchased 160 rental units at Walton on the Park, which was a condo building turned luxury rental during the crash. Speculators are wondering if the developer has plans to convert the units back to condos and flip the units in the near future. With the Chicago real estate market improving, developers may start turning more rentals back to individual condo units. [Chicago Real Estate Daily]