L Catterton boss sells Palm Beach home for eye-watering 5,600% return
Michael Chu might’ve made the best investment of his life when he bought a Palm Beach home for $1 million in 2013. He and his wife Elizabeth Chu sold that house for $58.3 million in an off-market deal that recorded this week, equating to a 5,595 percent return on that purchase. Records show they sold the oceanfront house at 102 Angler Avenue to a trust named for the address and managed by attorney Sarah T. Connolly. Michael Chu is the executive chairman and co-founder of L Catterton, the largest consumer-focused private equity firm in the world, according to its website. […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Loan officers are going to Washington
When standard DSCR falls short: What real estate investors should know about no-ratio financing
The Ground Lease Dilemma—Affordability Engine or Ticking Time Bomb?
She Taught Private Swim Lessons at Home for 7 Years. Then the City Shut Her Down After a Neighbor’s Complaint.
Naples Comprehensive Health Enhances Storm Preparedness
Here’s Where It Takes the Longest To Save for a Down Payment—and Where It’s Quickest
FOSTERING SUCCESS ANNOUNCES 2026 SCHOLARSHIP RECIPIENTS
‘Grey’s Anatomy’ Star Patrick Dempsey Lifts the Lid on His Childhood in Tiny Maine Town—and His Job at Local Recycling Center
Maria Shriver Reveals How Childhood Lessons From Her Late Father Help Her Navigate Tricky Relationship With RFK Jr.
Southwest Airlines forecasts quarterly earnings below estimates on higher fuel
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131