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Tel: +1 (905) 415-9267 or +350 200 400 48

‘Turnaround King’ acquires real estate

6th Dec, 2012back

275 TV’s ‘Turnaround King’ and best-selling author Grant Cardone announced on Tuesday that he has purchased his sixth property in the state of Florida in November alone, which is no mean feat for a man who only moved to the Sunshine State from California six months ago.

Cardone’s latest acquisition is an apartment community situated in Daytona Beach in Florida, which was bought via one of his real estate firms.  The property was acquired for $33 million and comprises 288 units, which are located in eight residential buildings situated on around 13 acres of land.

Cardone was a resident of California for over 20 years and left the state following attempts to contact the Sacramento office of Governor Jerry Brown. His attempts included an op-ed article in the Los Angeles Business Journal and an open letter in the Huffington Post, which gained no response.  “You are making it impossible for me to continue to operate my businesses in California,” Cardone warned in the letter.

Cardone first moved his family and is now in the throes of moving all of his business operations to the Sunshine State.  “I was there [in Florida] for a business conference and speaking engagement, and as I was driving across the causeway to Miami Beach I called my wife from the car and told her ‘We are moving to Miami Beach!’”

In 2012, Cardone has made the biggest private party acquisition of multi-family real estate units in Florida, with his purchase in Daytona Beach putting him over the $900 million mark for real estate purchases in Florida in the last month alone.  “I believe that Governor Rick Scott will do everything in his power to make Florida the leader for job growth in the US,” Cardone says.