Although they don’t fall neatly into any specific real estate sector, bulk sales of condo units were some of the biggest deals of the year.
Developers stuck with hundreds of empty condos and delinquent construction loans unloaded blocks of condos at discounted prices to extricate themselves from their debt. In other instances, lenders that took title to distressed condo projects used the same strategy to recoup some of the money they lent.
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