The Real Deal Miami

Grant Cardone makes big Miami real estate push

Author wants to invest $1 billion in Florida property by end of decade
May 12, 2014 09:45AM

Grant Cardone

Grant Cardone

Bestselling author and television commentator Grant Cardone is making a big push into the Florida real estate game, spending $250 million on properties in the state over the last two years.

Cardone, who creates sales training programs for Fortune 500 companies, hopes to invest $1 billion in Florida by the end of the decade. His latest purchase is the Wellington Club in Lake Worth for an undisclosed price. The acquisition of the 204-unit apartment complex at 9855 Herons Nest Court has not been recorded by Palm Beach County.

Another apartment complex purchase is about to close in North Miami, according to the Daily Business Review. Cardone makes his real estate investments through a company called Pacific Star 5 Inc.

Cardone relocated from Los Angeles to Miami two years ago.

“We’re just warming up here,” Cardone told the Review. “There’s so many reasons to buy in Florida. It’s not going to stop.” [Daily Business Review]Eric Kalis