Floyd Mayweather Jr Invests in Joint Venture With Go Partners

Continuing a spree of dealmaking, Floyd Mayweather Jr. has formed another partnership and launched a real estate firm to boot.

The retired boxer and burgeoning investor put up $100 million in equity to team with Go Partners on a luxury rental portfolio valued at $3 billion, according to a source familiar with the deal.

The joint venture is between Go and Mayweather’s newly formed Vada Properties, which will be based in Trump Tower on Fifth Avenue in New York City, the source said.

Mayweather has already wired Go — itself a joint venture between Orbach Affordable Housing Solutions’ Meyer Orbach and Black Spruce Management’s Josh Gotlib — $20 million for the first closing, the source said. The former world champion will wire the balance in the first quarter of 2025.

Through the joint venture, Vada is taking a stake in The Copper, twin residential towers in Murray Hill that Go bought for $850 million in 2021, and a sprawling portfolio developed by the late Sheldon Solow.

Go pieced together the Solow deal for the neighboring One and Two Sutton Place North, One East River Place and 265 East 66th Street in Lenox Hill, and 685 First Avenue in Murray Hill for about $1.7 billion between late 2022 and April 2023.

“Meyer and Josh are two of the smartest investors I have ever met,” Mayweather said in a statement. “I am thrilled to be their partner on their trophy assets.”

Orbach said the investment would allow Go to grow with a great partner, noting the team was looking to buy affordable and luxury rentals.

“Whatever the opportunities are, we’re going to do them together,” Orbach added.

“Floyd shares our view that NYC offers a one-of-a-kind investment opportunity in both affordable and luxury housing,” Gotlib said.

The deal rounds out a month-long spending spree that Mayweather kicked off with the $402 million acquisition of a Black Spruce affordable housing portfolio of 1,000 units in Morningside Heights.

The JV diversifies Mayweather’s monopoly board with the “ultra-luxury component that he was missing,” Vada CEO Ayal Frist said.

Last Monday, Mayweather invested in a $10 billion office portfolio of 18 assets owned by New York-based 601W Companies. By Thursday, he had bought a large stake in the former Versace Mansion turned luxury boutique hotel Villa Casa Casuarina in Miami Beach.

Meanwhile, the $22 million sale of his Miami Beach mansion on Palm Island hit property records. The undefeated fighter, whose career earnings total $1.2 billion, also bought an apartment near Trump Tower, the source said.

Asked in a phone interview about the breakneck pace of massive dealmaking, Mayweather said he was “truly just thankful” and takes “nothing for granted.”