One of the after effects of the Covid-19 pandemic has been an increase in people working from home, and a decrease in the need for office space. This has had a dramatic effect on office buildings as an asset class and continues to be a problem with only half of the workforce returning to the office.
Many developers are considering re-purposing vacant office buildings into residential and apartment buildings. But doing that can be a lot more difficult than it seems.
Today’s guest is nearing completion of an office to apartment conversion, and he’s here to share his experiences, both good and bad. We’ll discuss his challenges working with architects, engineers, and city inspectors, and the delays he’s encountered along the way. Andrew will also share the silver lining that makes it all worthwhile and why he’s bullish on the Baltimore market.
Andrew Hinton is the acquisition lead for GL Capital, which focuses on apartment syndication and development in Pennsylvania, Maryland, and Virginia.
Find out more:
www.glcapital.io
https://www.linkedin.com/in/andrewhintonglc/
Cell: 267-269-0128
Email: ah@glcapital.io
Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.
https://www.livegreenlocal.com
And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits.