Question

Company S has purchased an old warehouse they plan to convert into lofts. They should have 30 lofts when finished. This would be considered:

Answer 1

Answer:

a subdivision

Explanation:

A subdivision in real estate refers to dividing a large land lot into smaller lots. Usually subdivisions are made so that large lots can be sold more easily. In this case, the purpose of the subdivision is to convert one single large warehouse into 30 smaller lofts. Once the subdivision is completed, each loft can be sold individually.