Condo Conversion – REO - The 216 unit condo conversion complex was recently taken over by the bank via a quit claim deed. The conversion was never completed so the property is still leased as an apartment complex. The units range in size from one bedroom units, (820-920 sq ft), two bedroom units (1,196 – 1,220 sq ft) and finally three bedroom units (1,373 to 1,387 sq ft). Loan amount was $25MM..