Condo conversion?

[Jon Klaus]

Condo conversions typically take a multi-family property and convert each unit to individually titled units that can be bought and sold independently from one another. Ideally, a lot of equity can be created. Anyone have experience with this, residentially or even with retail or office condo conversions?

I've identified a building where this could be the highest and best use, but have no experience with it other than owning condos in the past.