Another example of the 75% rule
Summary
The host discusses a recent zoning regulation change (75% rule) that allows developers to acquire 75% of a building, which enables them to purchase the remaining owners' shares based on the highest possible use of the property. He uses an example of a luxury complex that was built, except for two buildings where the developers couldn't acquire 100% ownership. This example highlights the significance of the new 75% rule.
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Curated by Learn STR by GoStudioM