September 30, 2018

It's a well known fact that housing in Chicago is relatively affordable compared to coastal cities like New York, San Francisco, or Boston.  But a new study from UBS states that Chicago is the world's only under-valued city.  UBS analyzed 20 developed cities...

April 26, 2018

What is a deconversion?

A deconversion is the process in which the owners of a condo building sell their units simultaneously to an investor, who then turns the property into an apartment rental building.

If your condo is in an older building (built before the 1960s) cha...

June 1, 2017

Condo deconversions are in the news again.  The article discusses how deconversions are attractive for buildings of all sizes.

Some highlights from the article:

"Many owners are willing to sell out because developers typically pay a premium over current market prices in...

May 23, 2017

This is a great article from Crain's Chicago Business that discusses the burgeoning condo deconversion phenomenon happening in Chicago and the suburbs.  

Here's the quote that stands out to us:

“Hopefully, condo boards will figure out that they can make 50 percent m...

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CCDS is a division of Pearson Realty Group formed by A.J. Manaseer in 2016 to focus on the burgeoning deconversion trend happening in the Chicago area. CCDS consists of a group of real estate and legal professionals whose mission is to leverage our knowledge and experience to achieve the best possible results for our clients. 


A.J. has been active in Chicagoland real estate as an investor, broker, and developer for over 15 years. Since 2012, A.J. has completed over $325MM worth of residential and commercial real estate transactions. 


A.J. has a degree in Economics from Duke University and an MBA from DePaul University.  



In partnership with

CCDS Group

Pearson Realty Group

1000 N. Milwaukee

Chicago, IL 60642