- Jan 13, 2002
- Professional Status
- Retired Appraiser
The context in which we generally hear and see trophy property discussed is the marketplace when someone wants to sell or buy," noted the author. "Therefore, there is a marketability dimension for a trophy property. There must be a very good demand."
"a trophy property is an investment grade property represented by value or price at the top 2.5 percentile of properties.."
Because this class of property is tailored to the owner's specific tastes which are rarely appreciated by anyone else.