Ralph Hemphill Hemphill: “The condo option reduces purchase-price risk some, by giving the buyer three different exit strategies.”

SAN DIEGO—Repositioning smaller, aging medical-office buildings for condo-ization and including that option as part of the marketing package can help fill the gap created by renovation costs and interim lost rental income that often come with the process, HemphillSolutions senior advisor Ralph Hemphill tells GlobeSt.com.