From the Washington Business Journal, we learn that a D.C. office building purchased for $43.7 million in 2004 (around $72.2 million today) and which was recently assessed at $64.3 million sold for $26.65 million. That’s forty one percent of the assessed value, and thirty seven percent of the inflation-adjusted 2004 purchase price.
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mikethemadbiologist
Did the purchase involve the DC government? If it did and the government was selling, I would scream for an investigation. If it was a private transaction, someone made a financial killing