realestate

Pro Sports Stars Invest in Real Estate for 2024

Star Athletes Turn to Real Estate for Post-Game Success

S
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.

Professional athletes invest in real estate properties nationwide for future development.