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A few Atlanta loft dealers, however, turn up their noses at recently completed pretenders, said Jay Silliman, a local real estate agent who has specialized in selling lofts for the past 12 years and will traffic only in converted properties.
Comfort labels appear on new and converted properties; 80 to 85percentt have interior corridors, a spokeswoman said.
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"Since the general election on May 6, I have handled one converted property for £12.5 million, one for £25 million and another £18 million," Mr. Wetherell said.
That brand has been particularly active in converting properties.
In a similar vein, the paper says that Fannie and Freddie — known as government-sponsored enterprises, or G.S.E.'s — have pushed to resell foreclosed properties even when converting properties into rental units makes more sense.
For some hotels, an exhibitionist-friendly bathroom is a design statement; for others, she says: "It has a lot to do with the issues of converting properties that weren't traditionally hotels and adapting spaces to have a big, open-plan feel".
Converting money into property is always more fun than converting property into money.
Same-sex couples can convert property they already own to tenancy by the entirety after they marry or, in states that permit it, after registering as domestic partners.
These include a sunflower specialist in Brussels; a founder of an unsanctioned community garden currently fighting eviction from vacant lots in Berlin; and the San Franciscans who converted disused properties into vegetable gardens, even pirating absentee owners' water.
PROVIDENCE, R.I., JUNE 7 TO 9 Two days of tours include houses along Prospect Street on College Hill on Saturday and converted industrial properties like the 1866 Monohasset Mill on Sunday.
Other homeowners have illegally converted their properties into apartments that low-income families rent out, the police and community leaders said, but there aren't enough city inspectors to crack down, raising safety concerns and creating cultural flashpoints.
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