Trader-cum-developer [Don Wilson](/about/don-wilson) has cashed out completely of his new 50-story high-rise in Streeterville, selling its 398 apartments for $240.3 million.

An affiliate of Wilson's real estate company, [Convexity Properties](http://www.convexityproperties.com/), sold the apartments at 340 E. North Water St. on Jan. 7 to Invesco, an Atlanta-based pension fund adviser, according to Cook County property records. The price amounts to $604,000 per unit, the third-highest per-unit price ever paid for an apartment building in Chicago.

Read more at [Crain's Chicago Business](http://www.chicagobusiness.com/realestate/20160120/CRED03/160119817/brand-new-streeterville-apartments-sell-for-240-million).


Don Wilson sells new apartments in Chicago for $240 million.

In the News: Brand-new Streeterville apartments sell for $240 million