Alex Rodriguez Inks $1 Billion Dominican Republic Deal

Alex Rodriguez is seeking his next home run and heading to his family’s home country of the Dominican Republic for another big real estate project.

The three-time American League MVP is leading an investment of about $1 billion that will include 577 condos and villas on the country’s north coast, the Caribbean Journal reported. The project would build units in the trendy Playa Grande area between Río San Juan and Cabrera.

It’s a major partnership with the local government, Tourism Minister David Collado said in a statement. “This investment is an unprecedented initiative for our country that will bring extraordinary growth to luxury tourism in our country and for the northern region and the communities of Río San Juan and Cabrera,” he said, according to Essentially Sports.

“From tourism, we keep attracting investment and generating development,” Collado added. “The Dominican Republic is in vogue.”

It’s hardly A-Rod’s first big game in real estate. He founded Newport Property Construction while still playing Major League Baseball and went on to co-found Monument Capital Management. Today, he maintains properties like Miami’s Fairchild Coconut Grove and 30-story Grand Station tower.

“Before investing you should take a timeout and do a few things,” The 14-time All-Star slugger told Forbes in 2019. “Number one: knowledge is power, so obviously learn the game and try to surround yourself with the greatest team you can find. The biggest resource we all have is human capital. Athletes usually have access to the gift and curse of great people and not-the-greatest people as well, so making those decisions early [is] super important.”

“Then I would say start small, but you can’t practice if you don’t play,” he continued. “Basically handing it off to a team and not being involved for me is not the ideal way. There’s a process but getting involved is really important.”

— Chris Malone Méndez