Real Estate Done Right

The Great Escape from Somerville

Somerville’s Condo Conversion Law is Pushing Investors Out of the Multifamily Market.

For years, Somerville multifamilies were considered one of the safest real estate investments in the Greater Boston area. The reason was simple. You had strong rental demand, great location, limited supply, and a built-in exit strategy. If the rental numbers ever stopped making sense, an investor still had options. They could renovate, increase rents, sell to another investor, or potentially convert the building into condos...