Oh, the weather outside is frightful
But the market is so delightful… This really is a win-win market. Sellers can get strong numbers and Buyers have extra purchasing power from the 25% stock market run and the ultra low interest rates.
If the $37.5mm sale of 6 Sun Island Road (Nantucket Storage Center) is included (and affordable housing excluded), 2017 sales were just over $1.03bn. I think the Sun Island sale should be partially included because the deal included the real estate, 1.7 acres in 5,000 sf zoning, and it was a market trade. If you back out the value of the business (I’m not privy to details of the deal, so don’t know exactly), then ’17 sales would be $1bn MOL.
Wishing everyone a healthy, happy, peaceful and prosperous New Year (and that you’re a Boston sports’ fan).