Floyd Mayweather Establishes Real Estate Company to Manage $402M Investment

“Growing up, I used to dream about owning just one home by myself,” stated Floyd Mayweather while announcing his $402 million partnership to launch his own Real Estate Firm. Since his retirement from the professional circuit in 2017, the Michigan native has always looked for various investment and business opportunities to grow his already vast portfolio. And this is one of his biggest investments yet.
A few days ago, the former world champion, in a conversation with TMZ, stated that he would be making a big move in the real estate sector. On Sunday, he made the move official by posting about his new firm VADA Properties on Instagram. The detailed caption of the post listed everything that we can expect from the firm.
Floyd Mayweather making big money moves
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The 50-0 boxer took to his Instagram and posted a picture of VADA’s logo. The caption for the image read, “Vada Properties, founded by Floyd Mayweather, is a premier real estate investment company focused on identifying and capitalizing on high-value assets across the nation.” This investment is in partnership with Go Partners. According to reports, the plans are to raise it to a $3 billion luxury rental housing and commercial firm which includes collaboration with Meyer Orbach, chairman of Orbach Affordable Housing Solutions, and Josh Gotlib, co-founder of Black Spruce Management.
View this post on Instagram A post shared by VADA PROPERTIES (@vadaproperties)
Floyd Mayweather is not a new name in the real estate business. In fact, he has been investing and flipping properties for a while now. Last month, he listed his $48 million Beverly Hills mansion. He thereafter bought a house in New York because of his real estate business there.
The caption further stated that VADA Properties “specializes in multi-family, commercial, and mixed-use developments.” ‘Money’ wants to elevate the standards of his real estate investments in New York.
VADA promises to use industry-leading practices for property management so that the value of every asset is as high as possible. Considering how the 47-year-old stands to earn a substantial profit of close to $22 million from the sale of his Beverly Hills mansion, he certainly knows what he is doing with luxury properties.
Explaining further about his new firm, the caption read, “Recently, Vada Properties closed a landmark $402M multi-family acquisition in New York City, underscoring our ambition to expand and solidify our footprint in key markets.” According to reports, the former world champion wants to provide affordable housing to families who are struggling to get by.
‘Money’ himself is very excited and optimistic about the investment and hopes that it will turn out to be a huge thing.
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Making money while you sleep
While talking to TMZ, Floyd Mayweather stated, “When you work hard you can achieve anything.” He further stated that the $402 million real estate deal includes more than 60 buildings in New York, which makes up for a total of more than 1,000 units around the city.
According to reports, Mayweather’s investment in real estate also includes ownership of nine skyscrapers in New York through his partnership with SL Green. While talking about his big investment, he sounded optimistic. He stated, “You know, a boxer makes money when he’s boxing. A football player makes money when he’s playing football. A basketball player makes money when he’s playing basketball. But New York real estate, you make money when you sleep.”
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Mayweather has also recently invested in a $10 billion office portfolio owned by 601W Companies. With each passing day, Floyd Mayweather is expanding his business in every way possible. With his record, we can predict that the VADA Properties will also be a success.
What are your views on Floyd Mayweather’s latest investment? Let us know your thoughts down below.