A: “We feel that the condo conversion movement is a mild, yet tangential, competition to our business of developing urban infill product. Generally, the conversion product that we have seen is inferior in design, given its original design and use as rental product. We find that the condo conversion product can be priced in a very affordable price band, which will compete to some extent with our smaller, more affordable urban infill product, yet we have the advantage of delivering a superior and newly built product with new systems.” —Scott K. Choppin, managing partner, Urban Pacific Builders