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K.C. Conway

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CHICAGO—From the turn-of-the-century warehouses to old car dealerships, from shuttered malls and decrepit castles to old train stations, investors and developers are increasingly targeting these assets as they move into the adaptive reuse (AdRu) property segment.

“Adaptive reuse is definitely a distinct product category within commercial real estate,” says CCIM Institute Chief Economist K.C. Conway. “We expect that increased adaptive reuse investments and development activities will ultimately result in a stronger, more resilient commercial real estate industry.”

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