{"id":11154,"date":"2024-03-25T21:40:03","date_gmt":"2024-03-25T21:40:03","guid":{"rendered":"https:\/\/imsfund.com\/?p=11154"},"modified":"2024-03-25T21:40:03","modified_gmt":"2024-03-25T21:40:03","slug":"are-vacant-offices-the-next-big-opportunity-for-residential-investors","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/03\/25\/are-vacant-offices-the-next-big-opportunity-for-residential-investors\/","title":{"rendered":"Are Vacant Offices the Next Big Opportunity for Residential Investors?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-content\" :class=\"{ 'hidden': $store.proContent.showFullPrompt() }\">\n<section class=\"px-4 relative border border-slate-200 mobile-toc lg:hidden\" x-data=\"{open:false}\">\n<button x-on:click=\"open = !open\" class=\"flex items-center gap-4 my-2 border-none w-full\"><br \/>\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-6 w-6\" fill=\"none\" viewbox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M4 8h16M4 16h16\"\/><\/svg><\/p>\n<p class=\"font-semibold text-slate-800 text-base m-0 js-toc-ignore\">In this article<\/p>\n<p><\/button><\/p>\n<\/section>\n<p><span data-preserver-spaces=\"true\">Are empty city office buildings going the same way as zombie shopping malls, or can they be revitalized to become residential apartments and condos?\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">That question has many developers, city planners, banks, economists, and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/commercial-real-estate-fundamentals\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">commercial<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0landlords scratching their heads. What\u2019s\u00a0<\/span><em><span data-preserver-spaces=\"true\">not\u00a0<\/span><\/em><span data-preserver-spaces=\"true\">up for debate is that commercial office space in major cities are experiencing a death spiral, or an \u201curban doom loop,\u201d as quoted in the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.nytimes.com\/2024\/03\/14\/business\/commercial-real-estate-tax-revenue.html\" target=\"_blank\" rel=\"nofollow noopener\"><em><span data-preserver-spaces=\"true\">New York Times<\/span><\/em><\/a><span data-preserver-spaces=\"true\">, in the wake of the pandemic, as\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/the-real-world-impacts-on-remote-work-and-what-it-did-for-investors\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">remote working<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and high interest rates have limited options for troubled building owners. The future of American cities is riding on a solution.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Across the country, prices are being slashed as they were in 2008, with 50% or more markdowns. The knock-on effect has been a decimation of city budgets with a loss of tax revenue, affecting every aspect of a city\u2019s efficiency and upkeep. Ancillary businesses such as restaurants, hotels, and entertainment venues also are feeling the pinch.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the same\u00a0<\/span><em><span data-preserver-spaces=\"true\">New York Times\u00a0<\/span><\/em><span data-preserver-spaces=\"true\">article, a professor from the New York University\u2019s Stern School of Business estimated that the national office market lost $664.1 billion in value from 2019 to 2022. That has caused businesses and inhabitants to leave, further affecting tax revenue and increasing homelessness.\u00a0<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Offices to Apartments: Is It Possible?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">An often-touted remedy to vacant office buildings is converting them to housing. After all, with an urban housing shortage, surely it makes perfect sense. But is it feasible? There\u2019s more to it than clearing out desks and bringing in beds and baths.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The good news is that\u2014at face value\u2014it is doable, but as with many commercial real estate issues, it\u2019s complicated.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A shining example of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cbsnews.com\/news\/converting-vacant-office-buildings-into-apartments-60-minutes\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">such a conversion<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0is 160 Water Street in New York City\u2019s Financial District, a former 1970s constructed office building, recently revamped as\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/pearlhousenyc.com\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Pearl House<\/span><\/a><span data-preserver-spaces=\"true\">, a new amenity-filled 600-unit apartment building.<\/span><\/p>\n<h3 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">The obstacles<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Money and sustainability are the crosscurrents of resistance, making such conversions difficult.\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cbsnews.com\/news\/converting-vacant-office-buildings-into-apartments-60-minutes\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">According to economist Stijn Van Nieuwerburgh<\/span><\/a><span data-preserver-spaces=\"true\">, a professor of real estate at New York\u2019s Columbia Business School, only 10% to 15% of office buildings nationwide can be converted to residential use due to their heavy carbon footprints and the difficulty in bringing in enough plumbing, light, and air. It\u2019s not impossible, but it\u2019s pricey.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another factor to consider is that, like Pearl House, rents would need to be high to cover the construction costs. That means luxury apartments instead of\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/real-estate-883\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">affordable housing<\/span><\/a><span data-preserver-spaces=\"true\">, which is not the mandate for most cities.<\/span><\/p>\n<div class=\"justify-center \" x-data=\"{ IabAdad_block_: popAd(['r720x90'], '1') }\" :class=\"IabAdad_block_.linkURL ? 'flex pt-8' : 'hidden'\">\n<a x-show=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.linkURL\" x-on:click=\"adClicked('https:\/\/www.biggerpockets.com\/blog\/vacant-offices-could-be-residential-investors-next-big-opportunity', IabAdad_block_.sponsor, IabAdad_block_.title, IabAdad_block_.id, 'blockAdClicked', 'blockAd', 'postContent')\" target=\"_blank\" x-init=\"&#10;      analytics.track('blockAdLoaded', {&#10;        referrer: 'https:\/\/www.biggerpockets.com\/blog\/vacant-offices-could-be-residential-investors-next-big-opportunity',&#10;        sponsor: IabAdad_block_.sponsor,&#10;        ad_title: IabAdad_block_.title,&#10;        ad_page_location: 'postContent'&#10;      })&#10;    \" x-intersect:enter.once=\"adViewed('https:\/\/www.biggerpockets.com\/blog\/vacant-offices-could-be-residential-investors-next-big-opportunity', IabAdad_block_.sponsor, IabAdad_block_.title, IabAdad_block_.id, 'blockAdViewed', 'blockAd', 'postContent')\" rel=\"noopener\"><\/p>\n<div class=\" hidden sm:block\">\n<img class=\"m-0\" :src=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.r720x90\" :alt=\"IabAdad_block_.r720x90Alt\"\/>\n<\/div>\n<div class=\"block sm:hidden\">\n<img class=\"m-0\" :src=\"https:\/\/www.biggerpockets.com\/blog\/IabAdad_block_.r320x50\" :alt=\"IabAdad_block_.r320x50Alt\"\/>\n<\/div>\n<p><\/a>\n<\/div>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">City Living: A New Reality<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Cities as we have traditionally known them\u2014hubs for business\u2014are most likely changing. While certain companies are demanding workers return to the office, for others, the reality is that it\u2019s far cheaper for workers to be remote. And it\u2019s far less expensive for retailers to forgo expensive stores in favor of e-commerce sales backed by robust online marketing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So what\u2019s left for cities? Entertainment, shows, restaurants, clubs, and socializing. In this respect, the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.wsj.com\/articles\/american-cities-are-starting-to-thrive-again-just-not-near-office-buildings-d839798f\" target=\"_blank\" rel=\"nofollow noopener\"><em><span data-preserver-spaces=\"true\">Wall Street Journal<\/span><\/em><\/a><em><span data-preserver-spaces=\"true\">\u00a0<\/span><\/em><span data-preserver-spaces=\"true\">contends, American cities are starting to thrive again with tourism up\u2014just not near offices.<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">An Opportunity for Investors<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">With the price of office buildings slashed, there is an obvious pull for investors to come in and buy at fire-sale prices. If there is a demand to live in former downtown office areas of major American cities, bold developers will start repurposing newer buildings or tear down older ones.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A key component to making this work is to make cities attractive places to live once again. With that in mind, creating a new dynamic\u2014a work\/life culture where workers can walk to work rather than commute\u2014could be a feasible new model. After all, it\u2019s not that offices are completely empty; they\u2019re just not full. Also, not everyone can work from home.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hybrid work models provide a middle ground for workers who are now used to working in their sweats and slippers while doing the laundry and companies demanding face time and usual business practices in the office. This concept is\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.pbs.org\/newshour\/economy\/cities-look-to-revive-downtowns-by-converting-offices-to-housing\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">being adopted by city officials<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0across the country, with incentives for developers to build more affordable housing.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The conversion model is hardly new. Over the last 20 years, almost 80 New York City office buildings have been converted to residences, the most in the country, according to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.amny.com\/news\/cities-converting-office-buildings-to-apartment-complexes-to-revive-downtown-areas\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">CBRE<\/span><\/a><span data-preserver-spaces=\"true\">. Such conversions are credited with converting Manhattan\u2019s Financial District into a livable neighborhood for families rather than a soulless commuter destination.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nationally, from 2010 to 2021,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.bankrate.com\/real-estate\/office-to-condo-conversions\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">222 office buildings were converted<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0into residential space, with Philadelphia seeing the most, followed by Chicago. A\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/therealdeal.com\/new-york\/2023\/08\/16\/here-are-new-york-citys-biggest-office-to-residential-conversions\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">slew of such conversions are in the pipeline<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0for New York. Some will tout the new work\/life model, with office spaces beneath luxury residences. Additional conversions are slated for Philadelphia, Cleveland, Los Angeles, and Washington, D.C.<\/span><\/p>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/rental-property-cash-flow-analysis\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Cash flow<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0in luxury condos is always challenging. Often, they are the domain of affluent investors looking to park their money, leaving the units vacant rather than dealing with the hassle of tenants.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, many buildings welcome the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/guides\/the-ultimate-guide-to-short-term-rental-properties\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">short-term<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.biggerpockets.com\/blog\/how-to-invest-in-medium-term-rentals\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">mid-term rental<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0models. Miami is one such city where investors only live for a few months of the year and look to lease their units for the rest. According to a report by the\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.chamberofcommerce.org\/most-expensive-airbnb-rentals\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Chamber of Commerce<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0as quoted on\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.condoblackbook.com\/blog\/miami-condos-that-allow-airbnb\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Condo Blackbook<\/span><\/a><span data-preserver-spaces=\"true\">, Airbnbs in Miami command the 10th highest average daily rate ($290) of all the large cities in the U.S. Smaller pockets such as Miami Beach ($426), Key Biscayne ($571), and neighboring Fort Lauderdale ($297) boast even higher average rates.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">While Miami condo prices are not cheap, offset by the global demand to visit the city, office-to-condominium conversions elsewhere could likely be more affordable, with developers looking to do early business to spark sales. Realizing that there\u2019s nothing developers fear more than empty buildings, Airbnb and other short-term rental sites have\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.airbnb.com\/airbnb-friendly\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">specifically targeted them<\/span><\/a><span data-preserver-spaces=\"true\">, offering to join forces nationwide. While apartment rentals are the obvious target, savvy investors looking to strike a deal for condos could use the same approach to generate ongoing passive income.<\/span><\/p>\n<h2 class=\"wp-block-heading\"><span data-preserver-spaces=\"true\">Final Thoughts<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The pandemic has dramatically changed the use of office space in major cities. This, coupled with technology (Zoom, Google Meet, etc.), meant that the conventional use of office space was due for a change sooner or later. Time and money spent commuting and the cost of office rents versus tangible productivity meant that the pandemic accelerated the change rather than caused it.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the loss of office space has dovetailed with a chronic housing shortage, and should cities encourage developers to reconfigure empty offices into housing, there could be an opportunity for developers and smaller investors alike.<\/span><\/p>\n<div class=\"wp-block-group has-slate-200-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group__inner-container\">\n<div class=\"wp-block-group__inner-container\">\n<h2 class=\"wp-block-heading has-text-align-center has-theme-slate-dark-color has-text-color\">Make Easier and Smarter Financing Decisions<\/h2>\n<div class=\"wp-block-media-text has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-center\" style=\"grid-template-columns:auto 34%\">\n<div class=\"wp-block-media-text__content\">\n<p>Deciding how to finance a property is one of the biggest pain points for real estate investors like you. The wrong decision may ruin your deal.<\/p>\n<p>Download our\u00a0<strong>What Mortgage is Best for Me\u00a0<\/strong>worksheet to learn how different mortgage rates impact your deal and discover which loan products make the most sense for your unique position.<\/p>\n<\/div>\n<figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"1000\" src=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/max=1000\" alt=\"what mortgage is best for me\" class=\"wp-image-168724 size-full\" title=\"Are Vacant Offices the Next Big Opportunity for Residential Investors? 2\" srcset=\"https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/resize=1000\/max=1000 1000w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/resize=300\/max=1000 300w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/resize=150\/max=1000 150w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/resize=768\/max=1000 768w, https:\/\/bpimg.biggerpockets.com\/https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/02\/MI-March24_Blog-Thumbnail_v2.png?twic=v1\/cover=1000:1000\/resize=200\/max=1000 200w, \" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"italic\"><b>Note By BiggerPockets:<\/b> These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.biggerpockets.com\/blog\/vacant-offices-could-be-residential-investors-next-big-opportunity\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article Are empty city office buildings going the same way as zombie shopping malls, or can they be revitalized to become residential apartments and condos?\u00a0 That question has many developers, city planners, banks, economists, and\u00a0commercial\u00a0landlords scratching their heads. What\u2019s\u00a0not\u00a0up for debate is that commercial office space in major cities are experiencing a death [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":11155,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2024\/03\/officespace_canva-1024x517.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-11154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/11154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=11154"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/11154\/revisions"}],"predecessor-version":[{"id":11156,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/11154\/revisions\/11156"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/11155"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=11154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=11154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=11154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}