This edition’s cover star, retired Yankee all-star Alex Rodriguez, has been a real estate investor for many years, but recently he’s been doubling down on his activity in the sector. The 44-year-old has surrounded himself with serious players to take A-Rod Corp. into the commercial real estate big leagues, with his firm Coconut Grove-based Monument Capital Management set to close its fourth residential fund. Up in New York City, Rodriguez is working with Stonehenge NYC and broker Adam Modlin to make condo and apartment acquisitions there, and he’s investing in multifamily properties in secondary and tertiary markets across the country. The multi-talented investor opened up about his new ventures — and why fiancée Jennifer Lopez is more into residential real estate. That story will go live on October 1st, and will include footage from our interviews and photo shoot with Mr. Rodriguez.
Like most in the field, A-Rod’s looking out for an impending downturn. “We’re definitely in a defensive mode. We have our feet on the brakes a little bit,” he said. With an unpredictable stock market and other indicators flashing warning signs, certainly the entire market is bracing for what could come. In this edition’s recession package, we seek to answer some burning questions: Who in South Florida has the most to gain and to lose from a downturn? How will highly leveraged heavyweights like Zillow handle a turning tide? What could happen to the booming hotel market? Why do investors think pouring billions into mobile home parks will inoculate them from financial distress? We attempt to answer these questions in those pages.
Subscribers now have access to stories including:
— Our annual ranking of the top residential brokerages in Miami-Dade, Broward and Palm Beach counties.
— A look at the sky-high rates brokers are getting for hotel room bookings for Super Bowl 2020.
— Why charter schools are in hot demand from investors.
— How a recent Supreme Court ruling could drastically reshape the way property rights battles play out in the Keys.
And plenty more!
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Non-subscribers will get access to TRD’s magazine stories on September 26th.