T2 Capital Management is finding an opportunity to convert shuttered hotels into workforce housing. The firm has already completed the conversion of one hotel into a workforce apartment complex in Kissimmee, Florida, and it is now working on a second conversion just a mile away.
“We are mindful of the location and the demand drivers in the surrounding area,” Jeff Brown, co-founder and CEO at T2 Capital Management, tells GlobeSt.com. “We have a desire at T2 to be helpful in the workforce housing space and to alleviate the shortage of price-point sensitive housing. We want to be part of the solution in that market, and that led us to do our first project in 2019.”