Disposition Watch: Is Now the Best Time to Sell?
Record prices paid on trophy assets suggest we’re not too far from reaching the top of the upturn.
It sometimes seems like every day, another apartment building is sold for a record price. But is now the best time to sell?
A 250-unit building in Chicago’s Old Town neighborhood recently went for $158 million, or $632,000 per unit, a new record for the Windy City. In Washington, D.C., the 125-unit District Apartments recently sold for $76 million, the highest per-unit sale in the city’s history