Introduction

"We never buy properties that are at the top of the market. Like when we look at the comms, it should be below that," he says. "So we actually went under contract for 71 and then we were buying at 71 until like last few couple of weeks before close." The property was sold to a private equity firm in 2022 with an asking price of $68 million. It is now worth more than $1 billion.

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