How the Co-op Crumbles

I recently found and read an interesting article of the co-op ecosystem in NYC and beyond, and thought our readers and clients would find it interesting, too.

Here’s the gist of it: small co-ops can be collapsed through the acquisition of a supermajority of shares, while holdout shareholders are forced to go along with the developer’s conversion plans.

Article can be found here.

 


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For more information:
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