For them, these properties are still cheap by international standards hence the real estate market si still booming in spite of all the economic difficulties and uncertainties and there's likely a long trajectory upward ahead for prices.

However, it’s a difficult economic time and I still believe in the portfolio.

Asset Protection works by taking away the economic incentive for somebody and their attorney to sue you.

Details 48,320 Sqft; 310 units with land to expand, Physical Occupancy 90%; Economic Occupancy 97%; List $2.1mm.  

The biggest thing to focus on with any secondary market is the economic development activity.

It happens all the time with economic investments...

There are hotels doing 400-600% more revenue today than they were doing at the bottom of the crisis.

Most residential remodeling in all of CA is done without permits, long before this "housing crisis".

Overall, though, economic growth in OKC is doing well v the rest of the country. 

Underpinning or an addition would make most conversions not feasible economically.