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San Francisco Landlord Seeks To Convert Vacant Luxury Apartments Into Corporate Housing

Crescent Heights Submits Plan in Bet on Business Rebound

Crescent Heights, the landlord behind San Francisco's NEMA apartment tower, is hoping to convert some of its empty units into corporate housing. (CoStar)
Crescent Heights, the landlord behind San Francisco's NEMA apartment tower, is hoping to convert some of its empty units into corporate housing. (CoStar)

A landlord in the nation's most expensive multifamily market is eyeing a chance to step back from the beleaguered housing sector, becoming the city's first developer to seek to pivot some empty luxury apartment units into corporate housing under a new rule.

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