F
loyd Mayweather has announced a $402 million partnership to launch his own real estate firm, VADA Properties. The Michigan native, who retired from professional boxing in 2017, has been seeking various business opportunities to expand his portfolio. In a conversation with TMZ, he hinted at making a significant move in the real estate sector, which he made official by posting about VADA Properties on Instagram.

    The caption of the post outlined the firm's focus on identifying and capitalizing on high-value assets across the nation. This investment is in partnership with Go Partners, aiming to raise it to a $3 billion luxury rental housing and commercial firm. Mayweather has collaborated with industry experts Meyer Orbach and Josh Gotlib to achieve this goal.

    As a seasoned real estate investor, Mayweather has been flipping properties for years. He recently listed his $48 million Beverly Hills mansion and bought a house in New York due to its potential in the real estate market. VADA Properties specializes in multi-family, commercial, and mixed-use developments, with a focus on using industry-leading practices for property management.

    The firm's recent landmark acquisition of a $402M multi-family property in New York City underscores its ambition to expand and solidify its footprint in key markets. Mayweather aims to provide affordable housing to families struggling to get by, as evident from his investment in over 60 buildings with more than 1,000 units across the city.

    When asked about his investment strategy, Mayweather stated, "You know, a boxer makes money when he's boxing. A football player makes money when he's playing football. But New York real estate, you make money when you sleep." With this latest move, Mayweather continues to expand his business empire, and with his track record, VADA Properties is likely to be a success.