Why Real Estate Billionaire Jeff Greene Bets On South Florida Apartments

Serious estate investor Jeff Greene acquired his initial properties in 1977, when he was a scholar at Harvard Organization College. He procured 3 flats in humble Somerville, Mass. for a grand overall of $36,900, residing in one particular of them.

“I was just on the lookout for free of charge rent,” the 67-calendar year-aged Palm Seashore, Fla. resident mentioned in an interview with TheStreet. “I wasn’t looking for a occupation in genuine estate.”

Greene estimates that his authentic estate portfolio now – largely apartments in South Florida – is value extra than $5 billion. Forbes pegs his wealth at $7.2 billion.

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