Softbank CFO sells luxury condo at Surf Club in Surfside

He made about $1.4M on the unit in five months

TRD MIAMI /
Jun.June 04, 2018 10:30 AM

Alok Sama and the Four Seasons Residences at the Surf Club (Credit: Four Seasons)

UPDATED, 6 p.m., June 4: It looks like Softbank executive Alok Sama’s investment in Miami’s preconstruction condo market paid off.

Sama, president and CFO of the Japanese telecommunications giant, sold a unit at the Four Seasons Residences at the Surf Club for $5.4 million, about $1.4 million more than what he paid for the condo earlier this year.

Property records show Sama, who resigned from the company last year, sold unit 505 in the south tower of the Surf Club at 9001 Collins Avenue to Free Reach LLC, a Delaware LLC.

He closed on the 2,201-square-foot unit in January for $3.95 million.

Sama resigned from the group’s SB Investment Advisers last year, according to published reports. He is a director at ARM Holdings, Fortress Investment Group, SoftBank Group Capital, Brightstar Corp. and Baer Capital Partners, according to his LinkedIn profile.

In December, Softbank’s founder and CEO Masayoshi Son joined as a part-owner of David Beckham’s Major League Soccer team in Miami. Softbank has poured billions into tech-focused startups over the last few years, including $6 billion last year alone into WeWork, Compass, Katerra and Lemonade – all real estate firms. Fort Partners, led by Nadim Ashi, completed the Four Seasons-branded development last year.  Buyers include hedge funder Daniel Nir, Theory co-founder Andrew Rosen and South Florida auto magnate Alan Potamkin.

An earlier version of this story misidentified Sama’s title. 


Related Articles

arrow_forward_ios
Map of priciest condo sales and Surf Club Four Seasons unit 417N (Credit: Google Maps and Realtor)

Miami condo sales jumped ahead of Super Bowl LIV

Jonathan Sobel and his units at the Surf Club (Credit: Realtor and Redfin)

Ex-Goldman Sachs partner picks up Surf Club condos at a discount

Map of priciest condo sales and Surf Club Four Seasons unit N-821 (Credit: Google and Refin)

$13M resale at Surf Club Four Seasons tops Miami’s weekly condo sales

Don Shula and the Four Seasons Residences at The Surf Club (Credit: Getty Images)

Dolphin great Don Shula scores condo at Surf Club

From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

Daily Digest Miami

Monroe County seeks $150M to combat sea level rise, Bloomberg’s record may polarize voters

Map of priciest condo sales and Surf Club Four Seasons #1010 (Credit: Realtor, Google Maps)

These were the most expensive condo sales in Miami last week

Carlo Dipasquale, Wendy Mendoza and Tom Shannon and unit 409-S at the Four Seasons Residences at the Surf Club (Credit: Getty Images)

Bowling kingpin scores unit at the Surf Club Four Seasons

arrow_forward_ios
Loading...