Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

A sit down with the former Yankee all-star and current real estate investor — plus a peek behind the scenes on his photo shoot with TRD

TRD New York TRD SUBSCRIBER /
Oct.October 02, 2019 02:05 PM

Alex Rodriguez has been investing in real estate for decades. He made his first purchase — a duplex outside of Miami that he needed a $48,000 downpayment for — when he was 22.

But in the years since, the former Yankee third baseman, who is now 44, has built a sizable national real estate portfolio. He has thousands of units, all under the A-Rod Corp. umbrella, in U.S. markets like Chicago, North Carolina and Texas. Now, he’s turning his sights on South Florida and New York.

Click here to read the full Q&A with A-Rod

In New York, he recently announced a partnership with his longtime personal broker, Adam Modlin, and developer Ofer Yardeni, the CEO of Stonehenge to buy up $1 billion worth of multifamily real estate in the next 18 month.

Watch here for a behind the scenes on A-Rod’s photo shoot with the The Real Deal and to hear him talking about what he learned from his Yankees’ managers — Joe Torre and Joe Girardi — and how being a celebrity can cut both ways in the business world. Spoiler alert: He didn’t share the guest list for his upcoming wedding to J.Lo.

 

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