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Converting Retail Space to Condominiums - Featured Guest, Ken Mapp

  Broadcast in Real Estate

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Listen as we discuss with Ken Mapp, the pros & cons of converting shopping center space to retail condos as an alternative to the, more traditional, method of generating revenue and value via retail leasing. The is an "out-of-the-box" approach that, in today's economy, may prove to be the best way to fill up the center with new tenants/users. Will owners be able to reduce the debt on their centers and will owners be less expensive to the tenant then leasing? Ken is a shopping center developer based in Atlanta, GA. He has been building, developing and marketing shopping centers as retail condos for the last five years. He is currently a managing member of Retail Condo Consulting, LLC which acts as a marketing consultant to area banks, developers and realtors to effectively convert shopping centers to condos. Ken has written a timely book titled Retail Shopping Center Condominiums- A Step By Step Guide. The guide is designed to teach property owners and real estate professionals how and when to effectively convert their shopping centers to condos and market them successfully in the current market. Converting to condos can give owners the flexibility to sell off just a portion of a property as condos at a premium price vs having to sell off the whole shopping center in a depressed market and at fire sale prices. Ken can be reached at 770-596-7769 or via email at kgmapp10@gmail.com
Tags:
shopping center
retail
condominium
condo
Commercial Real Property
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