Ever since hanging up his boots in 2016, former pro baseball player Alex Rodriguez has been quite the busy man. You can be sure that his retirement story won’t be anything similar to that of athletes who go broke barely a decade after they’re out of the game as the man has already made a name for himself as a smart-move entrepreneur.
If you’re in need of some proof, how about the fact that A-Rod has been on Shark Tank as one of the sharks multiple times? His exploits on the show even had him partner with Barbara Corcoran to build a rental building in East Village, NY.
Although business is what’s taking up most of A-Rod’s time, he’s also appeared as a pundit on Fox Sports and ESPN multiple times. His rich expertise in the sports industry, and especially on matters baseball, give him a unique advantage, hence his presence on these shows.
Flexing the Investment Muscle
Back to business, the man is flexing his investment muscle again, and it’s something to do with real estate throughout the great city of New York.
A-Rod Corp., the company Rodriguez has worked tirelessly to ensure it gets to where it is today, has just partnered with Adam Modlin and Ofer Yardeni to go on a buying spree for condos and apartments in NYC. Modlin is a brokerage expert while Yardeni is a Stonehenge investor.
It’s not that A-Rod is ditching Barbara, it’s just that he’s determined to get into the game in bulk, instead of investing in small apartments. What’s more, this new partnership will see A-Rod Corp. purchase real estate of any and all sizes. You’ve got to go in strong to reap big, haven’t you?
With Barbara, A-Rod purchased an apartment building for $3.8 million from Michael Cohen (yeah, the same one you’ve seen on the news), with this venture being his first in real estate in the Big Apple.
He soon learned the ropes and got his head in the game relentlessly, and thanks to Monument Capital, Alex now owns close to 15,000 apartments spread across more than 10 states in the country.
Poised for Success
The three partners are all confident that their coming together will bear fruits, with Yardeni insisting that the move is in line with his strategy. They’ll focus on properties worth as little as $5 million, going up as high as $400 million, and given their real estate track records, there’s no doubt that they’ll pull this off.
According to credible sources, they’ll initially concentrate on a number of neighborhoods in the city, then spread out as their partnership grows.
Either way, this partnership is poised to add a significant amount to their already enviable net worth. Modlin certainly knows how to play his cards right, seeing as his sales in 2018 alone totaled to $1 billion.
Think of how much he took home for pulling this off! Everyone would want this guy being on their team. To be the best, you have to work with the best, and A-Rod certainly knows that.
As they prepare to hit the ground running, New York should keep its eyes and ears open. Big things are certainly coming.
