Lemonjuice Capital and Solutions announces the sale of Inverness Condominium property, a former timeshare property, repositioned as a multi-family residential community in Conroe, Montgomery County, Texas. When Lemonjuice was introduced to the Board of Directors in the summer of 2018, the 44-unit property was experiencing a significant rate of ownership abandonment by many of its 2,000 co-owners and lacked the funds needed to maintain the property. After extensive consultation with the board, communication with the remaining Inverness owners, evaluation of the facility and local market environment, Lemonjuice was asked to acquire the property as-is from all of the remaining owners who wanted to sell.
from resorttrades.com
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