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Conversion (Build-Out)
Last Updated: Jun 6, 2019
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A Conversion (also known as Build-Out) is the process or work preformed (e.g., construction, re-zoning, etc.) to change one type of real estate use to another type of real estate use. Types of conversions vary widely, but some basic examples would include conversions from single-family to condominium (residential), grocery to soft goods (retail), or warehousing to manufacturing (industrial).