Tenants in Common in San Francisco
All the issues pertaining to TIC formation, condo conversion, Ellis Act restrictions, tenant eviction restrictions, relocation fees, financing, etc. seem to be taking a toll on the TIC market as far as quantity of sales. Note that the 2014 figure on the chart is a projection for total 2014 sales volume based on YTD sales. On the other hand, some of them are selling for extraordinary prices – or what would have been considered extraordinary not so long ago. One TIC sold for almost $7m this year (1100 Sacramento).
Tags: buying san francisco real estate Christopher Stafford and Terry Wright tenants in common TICs
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