[WSBARP] Old condo- first sale

[Craig Gourley]

Listmates,  I am pretty sure I know the answer to this but thought I would float it out there in case I missed anything.   Small condo conversion project formed in late 2007 but due to market issues the declarant decided to just sit on them and rent them out. If they start to sell them now ( 16 years later) I think they are still subject to the Public Offering Statement and all the transition rules etc because it is being sold by the declarant.  Am I correct on this?  Thanks in advance.

GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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