Well known tech investor Arthur Becker has looked to expand his portfolio in real estate. In order to accomplish this objective, Becker recently purchased three townhouses in the SoHo District. With this real estate investment deal, he will have possession of a few properties that he can use to hold and rent out. For a number of years, Becker has been known to be a backer of New York City real estate in which he has been quite active in real estate investing. His new acquisitions in the SoHo District will give him yet another group of properties to help increase the size of his overall investment portfolio.
According to a number of recent reports, Arthur Becker has invested up to $20 million in this recent real estate project. This amount of money was used in order to acquire the properties which will hopefully give Becker a high return once he is looking to sell them. With the investment of these three townhomes, Becker will be able to control property in one of the most desirable neighborhoods in New York City. The properties will give him a prestigious residential location as well as providing him with properties that will appeal to many who wish to be residents of the SoHo District.
The acquisition of the three townhomes in the SoHo District will give Becker three properties that he can profit from both in the present and the future. He plans to live in one of these properties as his personal residence. Along with living in one of the townhomes, Becker is also looking to lease the other two to tenants. As a result, he will have a way to make a considerable income while he owns the properties.
After a number of years, Becker may look to sell the properties and make multi million dollar profits. Therefore, these townhomes will likely give him one of the better investments he has made in recent years. Arthur Becker’s ability to purchase prime real estate in New York City is largely due to his vast fortune from technology investing. He has spent a number of years in investing in technology companies. Becker then used his extra funds to buy up property and create a considerable investment portfolio for himself.