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tar athletes are finding new ways to make a buck and compete beyond their playing careers. Many have turned to real estate as a lucrative opportunity. Here's a look at some notable athletes who got into the game this year.
Floyd Mayweather Jr., the boxer-turned-investor, has never been shy about flaunting his wealth. He recently put up $100 million in equity to join forces with Go Partners on a luxury rental portfolio valued at $3 billion. The pugilist also acquired a Black Spruce affordable housing portfolio and invested in a $10 billion office portfolio.
Manu Ginobili, the former San Antonio Spurs star, is stepping up to the line in Homestead with plans for a $337 million mixed-use project. Teaming with other retired Argentinian athletes, Ginobili aims to develop a complex with a soccer stadium, basketball facility, student housing, and sports fields.
Jonathan Vilma, the Super Bowl winner, tackled affordable housing this year by proposing a 102-unit project on a church site in Palm Beach County. He partnered with the West Palm Beach Seventh Day Baptist Church to propose the apartment complex and a new church building.
Mo Vaughn, a seasoned vet in real estate, partnered with Hyperion Group on a 147-unit apartment building in Miami's Little Haiti neighborhood. The former MVP first baseman co-founded affordable housing firm Omni America in 2004.
Taj Gibson, the Brooklyn native and former New York Knicks forward, launched GFB Development and proposed a "transformational project" alongside Alloy Development on Nassau Street. Tobias Harris, the NBA player, is also turning to real estate with his Visionary Development Group, which filed plans for a 90-unit affordable housing complex in East Hollywood.
These athletes are just a few examples of those who have entered the world of real estate this year. With their wealth and influence, they're making significant investments in various projects across the country.
