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.
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.