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