Disposition Watch: Is Now the Best Time to Sell? via Multifamily Executive Magazine

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. In that same market, a 914-unit building sold in March for $322.4 million, one of the highest prices ever registered in the area.

The record prices being paid for these and other “trophy” apartments aren’t likely to subside any time soon, either, as new and established investors look to capitalize on a sector in which interest rates remain low, yields are immediate, and new supply is trying to catch up with rising demand.

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