𝐀 𝐆𝐚𝐦𝐞 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐉𝐞𝐧𝐠𝐚 Conversions only make sense when the numbers align, and that’s a rare event. Cities throw tax breaks at developers, desperate to fill dead office space. Investors swoop in, thinking they’ve gamed the system with cheap acquisitions—only to realize that gutting an old office is like opening a Pandora’s box of unforeseen costs. Unlike ground-up construction, where expenses are predictable, every conversion is a high-stakes gamble. Cheap entry doesn’t mean cheap completion. This is an excellent article on those conversions. https://lnkd.in/evYqhfEC