When it comes to real estate investing, two key factors lead to success: finding the right location and timing the market.
Lifestyle Asset group got both right with the NYC acquisition for their LifestyleOne shareholders. After months of searching, the team toured 14 apartments in NYC and rejected every one due to lack of charm, undesirable location, and many other factors. Then, in October of 2104, they found the perfect apartment in the right location and knew the time was right to buy. And good thing, because after our full price, all-cash offer was accepted, four other offers came in within the next 24 hours. This decision proved to be a very good one, as evidenced by the increases in the Manhattan real estate market in 2015.