Grant Cardone Continues South Florida Buying Spree [Yahoo! Finance]
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Source: Yahoo! Finance
all-cash acquisition of 10X at Jacaranda, a 468-unit property in the heart of Plantation, Florida. Through his company, Cardone Capital , Cardone has closed nearly half a billion dollars in all-cash acquisitions over the past six months and is set to close on additional, similarly sized transactions in the coming months. When asked about the decision to pay cash, Cardone explained, “Why pay lenders 7.5% when we can share that with our investors? Our 15,000 investors love investing in Florida assets that cash flow from day one.” While institutional investors remain cautious and on the sidelines, Cardone Capital has successfully raised over $1.35 billion across its investment funds and recently launched Cardone Equity Fund 24. Ryan Tseko, Cardone Capital's EVP, noted, “We've seen a huge surge in demand from retail investors who are not only investing cash but also funds from self-directed IRAs.” The property, formerly known as Laurels at Jacaranda, was purchased from an institutio
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