Prince’s Estate, Real Estate Holdings To Be Sold Pending Judge's Approval
Though the musical genius died earlier this year from a painkiller overdose, Prince’s real estate assets have been held up in legal proceedings with the rest of his estate.
This week, the administrator of Prince’s affairs filed a request to unload the icon’s assets—particularly several real estate holdings Prince owns in New York and Beverly Hills, TMZ reports. Bisnow wrote about the Fabulous Real Estate of Prince in April, featuring the artist’s 65k SF Minneapolis estate known as Paisley Park Studios—which he began building in the mid-1980s after the success of his music and movie Purple Rain. The Minnesota properties alone are estimated to be worth $30M.
Though the judge still needs to sign off on the sale, Prince’s heirs say nothing in the estate will go for less than 90% of fair market value. [TMZ]