MIAMI—Pending legislation before Florida lawmakers coulddissuade bulk condo investors from betting ondistressed assets. The concurrent bills—SB 1172and HB 643—would force bulk buyers of condominium complexes to paya premium to holdout owners who don't want todissolve the association.

That would mark a stark change form the past few year, where thecommon practice has seen investors invest indistressed projects in bulk and gain the power todissolve the association and flip the property intorentals. caught up with JasonKellogg, a partner at Miami-based litigation firmLevine Kellogg Lehman Schneider + Grossman, to gethis take on the bills and what the proposed changes really mean inpart one of this exclusive interview. Can you provide a brief overview of theconcurrent bills that recently passed in the House and Senate thisFlorida legislative session?

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