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#i like the one i’d been using (adam warren pro) which was also designed by a comic artist
un-pearable · 1 year
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heyo anyone looking for art resources or just generally interested in comics, check out halftone hospital!! all their resources are designed to help emulate + celebrate tangible comic style in a digital medium and there’s a ton of useful (free!) stuff, including micron, ballpoint, and sign pen brushes and a VERY useful set of halftones, personal favorite atm is their speeches and cream font that’s got a ton of useful variations for comic lettering :]
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walterfrodriguez · 5 years
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A-Rod is coming for NYC and SoFla real estate
Alex Rodriguez (Photos by Guerin Blask)
Alex Rodriguez has seen both his professional and personal life covered exhaustively in newspapers across the country for decades now.
But since retiring as the Yankees’ star third baseman in 2016 — and, according to Forbes, pocketing over $480 million during his 22-year, pro-baseball career — he’s become even busier.
He’s now juggling regular media appearances with color commenting baseball games (he’s a broadcaster for Fox Sports and part of ESPN’s Sunday Night Baseball team) and growing his real estate and investment empire, which all operates under his A-Rod Corp. umbrella.
He is also co-hosting a podcast, which launched last year, called The Corp, where he’s interviewed guests ranging from Martha Stewart and Kevin Bacon to real estate tycoons like Barry Sternlicht and Barbara Corcoran. Oh, he also has two daughters, ages 11 and 14, and is engaged to superstar singer, producer and actress Jennifer Lopez — aka J.Lo.
Since he founded the Miami-based A-Rod Corp. in 2003, the firm has purchased over 15,000 apartments across the U.S., deploying hundreds of millions of dollars on real estate and investing in companies like the hospitality startup Sonder, private jet startup Wheels Up, Snapchat and NRG eSports.
Sternlicht said Rodriguez has shown that he’s willing to put in the time and energy needed to succeed in business and said he comes to an “informed decision based on reasoned information and careful diligence.”
“Alex approaches business with the same dedication and passion he did baseball,” Sternlicht told The Real Deal via email. “Alex wants to win, really crush, in his work as he did in the majors.”
In July, A-Rod Corp. closed on a $4.5 million condo at Terra’s Grove at Grand Bay, twin luxury towers in Miami designed by starchitect Bjarke Ingels. (The company is building out its unit as an office and creating a ground-floor event space).
Meanwhile, in May, the Miami-based Monument Capital Management, A-Rod Corp.’s multifamily arm, launched its fourth residential fund focused on workforce housing with the majority of the roughly $50 million it raised coming from family offices and high-net-worth individuals, including fellow professional athletes (though he declined to name any).
It’s planning to buy about $200 million worth of real estate and has already closed on properties in Illinois and Tennessee with a third under contract in North Carolina. And it’s looking to launch a fifth fund, for $100 million, in 2020.
Workforce housing has been “one of the best places to take your money” because it has “tremendous yield and protective downside,” he said, during one of two interviews with TRD last month. The first of those conversations was at partner Stonehenge NYC’s Manhattan office, the second at his sprawling 11,000 square-foot Florida home, which has an indoor basketball court and where his art collection is on display.
In Miami, Rodriguez’s company is also investing in at least two developments, the Fairchild Coconut Grove, a boutique condo project, and a 31-story rental tower at 40 Northwest Third Street, the latter with Grand Station Partners.
On the New York front, last December, Adam Modlin, Rodriguez’s personal broker in New York, introduced him to Stonehenge CEO Ofer Yardeni and, six months later, the trio announced a partnership to buy rental buildings and condos in the Big Apple. They’re now in contract on their first deal: A 100-plus-unit rental building on East 51st Street in Manhattan.
The partners will be tapping their personal networks to raise about $500 million and then leverage that to buy $1 billion worth of value-add multifamily real estate in the city in the next 18 months, said Yardeni.
“Collaborating with [Rodriguez] will be extremely beneficial to all of us,” Yardeni said, noting that Rodriguez has a “tremendous network and an excellent reputation.”
“The vast network that he has can help Stonehenge go and raise capital from family officers, high-net-worth individuals and more institutional players because when Alex calls, everybody listens,” Yardeni added.
Modlin also gushed about Rodriguez, saying the retired Yankee has been “thinking about investing in New York City multifamily for years” and that he “brings a secret sauce.”
“Alex is a partner that anyone would dream to have,” Modlin said.  
The 44-year-old Rodriguez — who just sold a home in Los Angeles (which he bought from Meryl Streep) for $4.4 million and unloaded a $17.5 million pad at 432 Park Avenue — spends about half the month in Miami. The other half is spent jet setting on his Gulfstream IV to New York, L.A. or wherever else his broadcasting responsibilities take him.
Below is an edited and condensed version of his conversations with TRD — which were more focused on real estate stats than baseball stats.
You made your first real estate purchase in your early 20s, only a few years into playing for the Seattle Mariners. Tell us about that deal. It was a duplex out of Miami. The reason I liked the investment was because it was 10 minutes from Miami Beach and 10 minutes from Coral Gables and it was near the water. I needed around $48,000 [for the] down payment. I was very nervous about it. It was near the Miami arena. My thesis for the investment was very simple — it was around fear. I felt that if I bought some real estate that over time, if I signed a 15- to 20-year note, that by the time I was 30 or 40 I would have a handful of assets with very little debt. That was my answer to not going bankrupt, owning hard assets.
So, is that why you initially got into real estate? You said you didn’t want to go bankrupt. That’s all I’ve ever known. I always say, stick to what you’re passionate about and what you know. Coming from a single mother, all we knew was renting. We never bought anything. I envisioned one day as a young man that if I got an opportunity to trade places with a landlord that I would.
Alex Rodriguez (center) with Adam Modlin (left) and Ofer Yardeni
Do you only purchase multifamily? We’re really focused. Yes, I play sports. But I play baseball. Yes, I play real estate, but I play multifamily. … I’d say [our] average is Class B properties. There’s always an added-value component to them.
You spent the majority of your baseball career on the Yankees under Joe Torre and Joe Girardi. What did you learn from them about running and managing an organization? Joe Torre and Joe Girardi were both great managers. They both held me accountable. They expected you to show up early and leave late and they did not micromanage. Joe Girardi was more hands on, and Joe Torre was more like the Godfather. I remember one time I was struggling and Joe Torre brought me into his office. He thought I was overworking. I was nervous because it was 2004 and it was my first year as a Yankee and they have this incredible history with so many championships. I thought he was going to be mad and really get upset with me and he said ‘Look, I think you’re pressing too much. If you turn around, there’s a beautiful bottle of wine, Silver Oak and next to it a cigar.’ He said, ‘I want you to go home, drink that bottle of wine.’ I said, ‘Well, I’m not much of a drinker of wine.’ He said, ‘Drink it and have a cigar, and come back, tomorrow’s game is at 7. If you show up before 6 o’clock I will fine you. So just show up and play.’ It made me so nervous to show up to the park so late. Usually, you’re there five or six hours before the game. [But] I show up around 6 o’clock. That night, I go out and hit a home run. The next night I go out and hit two home runs and off I went and finished that season very strong.
You went straight to the Mariners from high school, forgoing a scholarship to the University of Miami. Have you considered going back to school and getting any degrees? I’ve always thought about it. Joe Girardi always said that I was a teacher and a student at heart. And I think he’s right. I love to learn. I’m constantly trying to educate. I’ve been self-taught because I didn’t have any formal education. But I wouldn’t rule it out.
Does your team scout out opportunities and bring them to you? How involved are you in the whole process? I mean if you talk to Lane LaMure, Jeff Lee, Lisa Peier and Erin Knight [from my team], they’d probably tell you I’m involved too much. But I think that as we scale, we have to really count on our team. Ideas and opportunities come from all over the place.
How big is the company? It’s fluctuated. We were at one point 10,000 apartments. Today we might fluctuate by 3,000 to 6,000 depending on whether we’re buying or selling. We feel that it’s fairly late in the cycle right now. We take the philosophy that we sell 3,000 but we buy 1,000.
Are you worried about a recession? Are you preparing for that? We’re definitely in a defensive mode. We have our feet on the brakes a little bit. We made the decision about three years ago to start selling some of our portfolios and preparing for an opportunity. So, while we’re still buying, we’re cautious.
You’re investing in Chicago, New York and Miami. What other cities are you eyeing right now? We like to buy, fix [and] refinance. We’ve had a lot of success in secondary and tertiary markets, especially in the southeast. North Carolina has been great. We’ve had a lot of success in Texas. Chicago has been an incredible investment for us. … We’re very fortunate to have [Monument’s Chief Investment Officer] Stuart Zook leading the way. He’s always identifying new markets. Interesting markets where we haven’t been before are Tucson, Reno, Portland and Seattle. As we kind of move into the West Coast for the first time, it’s been a fun process. [Zook is] really good about picking what’s next. He’s got some great cities up his sleeve.
I read that you know Warren Buffet. What’s the best advice he’s given you? One of the lessons learned from Warren Buffet has been to do what you absolutely love to do with the people you love and respect. One of the interesting things I found with Warren is that he’s 89 and to this day, he’s still putting in six days of work. He’s in the office every day at 7:30. He reads five to eight hours a day.
Who else do you look up to in the real estate industry? I look up to Stuart Zook. I feel incredibly fortunate that I met him almost 11 years ago. I thought it was the biggest break of my [business] career to find a guy that’s managed over $2 billion in assets over the course of his career and who understands the game so well. Someone who’s extremely ethical and incredibly conservative. We do this all the time [head butting motion] because I want to buy, and he says ‘No, no, no.’ That’s why he’s a much better investor than I am and why our returns have been incredible. He’s like Ted Williams. If it’s not right down the middle, center cut … he does have Buffet-esque discipline. I wish mine could be that good. But I’m a little more aggressive.
Does being a celebrity works against you in business? It’s a great question. As an athlete, there’s a gift and a curse. Sometimes, people celebrate and take the meeting. But for the most part, they’re thinking that you’re just an athlete. So I think part of what you have to do as an athlete is surround yourself with institutional-type investors with incredible background so a) they understand that your infrastructure and your team is one that can play at the big-league level and b) be one that can actually follow through and do the things they say they can.
There were reports that you are launching a business reality show in the same vein as “Shark Tank” on NBC. What can you tell us about it? We can’t talk much about the business show, but we’re very excited about and it has a little bit of a “Shark Tank” twist.
You told a crowd at a 2018 real estate convention that J.Lo loves real estate and has a “superpower to see what’s good and what’s not.” Do you guys talk about real estate and do you have plans to invest in any projects together? Jennifer loves residential real estate. I love commercial real estate. So, we make a good team there. She has impeccable taste, obviously. When you walk into her home, it’s always impeccable, smells good and is always in great neighborhood.
You two recently sold your condo at 432 Park. Why did you sell? Was it an investment decision or a personal decision? It was a trade. We love the building. We went in, we bought it. We have a big family — we didn’t fit. We needed a little bit more space.
Are you looking for a new apartment in New York City? I wouldn’t say so. We’re happy.
You announced your engagement to J.Lo in March. When’s the wedding? Now that was a nice pivot. We went from New York real estate to the wedding. Why don’t we go back to New York real estate?
How did you first meet Adam Modlin and how did you make the jump from broker-client to business partners? I met Adam over 25 years ago over at Bergdorf Goodman when he was selling suits. I knew I was going to like Adam from the get-go because the suit cost $500 and he tried to sell it to me for $5,000. I said this guy’s a pretty good salesman. Adam Modlin is a savant when it comes to New York real estate.
What about Ofer Yardeni? I met Ofer through Adam. I met him in South Florida over dinner [at Prime 112 in Miami Beach]. We quickly hit it off. Then we set a meeting together that lasted three days on the West Coast. My partner, Lane LaMure, came out. Adam came out. Over the course of two or three days we put together what we thought was a really great idea to buy real estate in New York City. Ofer has an incredible background. He served in the Israeli military. … He has a great family, great morals, great ethics and great background. He brings that intensity from his [military] background. He’s up every day at 4 a.m., he’s working out by 5, in the office by 6:30 or 7. With my background in New York, it’s always been a dream of mine to own real estate [there]. It’s the best real estate in the world. To have an operator who essentially is like Michael Jordan in his space … I thought it would be a great partnership.
Principal of Monument Capital Management Stuart Zook and executive vice president Erin Knight
When do you plan to make your first NYC investments? We’re close to having a letter of intent for an asset right here in Manhattan. It’s a great opportunity for us. It’s rentals and it’s in Manhattan.
Where else do you see potential in New York? Around Yankees Stadium or around Citi Field in Willets Point and Flushing? I think that there’s upside around Yankee Stadium and around the Mets [at Citi Field]. I think both have a lot of upside. Anywhere in New York City, you have the potential. … But I think for this particular venture, we’re really focused on Manhattan.
A-Rod Corp. is moving to a condo in Coconut Grove. One your execs, Erin Knight, said the firm is bullish on the area. Are you planning any other investments there? Well, Erin Knight is from Miami and she went to school right down the street at Ransom Everglades. So, we ended up buying this beautiful office space. The kids go to school nearby and right across the street we’re developing about 27 apartments in a place called the Fairchild Coconut Grove, which is right on the water. We’re very bullish when it comes to Coconut Grove. In five or seven or 10 years, you’re not going to be able to recognize Coconut Grove. It’s going to be awesome.
Where else in Miami? We’re developing about 31 stories, 300 units in downtown Miami. We love rentals and it’s just a place that’s on fire. I love Coral Gables, Coconut Grove, Miami Beach. I wish I was spending more time in Miami
I read that $20 million of the $50 million you raised for that fund came from high-net-worth individuals. Have you tapped any other athletes or celebrities? We’re very diversified. They come from the private equity world, hedge funds and entertainment. We have probably a dozen athletes that have come on board. One of the things I’m very proud of with our LPs [limited partners] is that over 95 percent of anybody who’s come in has never left us. They just keep doubling, tripling down.
What advice do you give to young athletes who want to invest in real estate or start their own business? Do you get that question? Yeah, I do. We have several dozen athletes that have invested with us, and every single one of them has come back for more. [I say] ‘I made mistakes, just like I made mistakes in baseball. I had some failures, that’s part of it. But I think never trying to be involved, that’s also a mistake.’ Even if you’re not interested, you have to be interested in protecting your future. I think you have a responsibility to yourself and a fiduciary duty to your family. … Real estate, with the right partner, is a great hedge to the W2 income you earn as an athlete. While your career earnings potential downgrades, your real estate appreciates. The No. 1 thing I would say is find a great partner. … No. 2, find yourself a great lawyer [who can] structure deals in a way that you have downside protection and you’re not putting yourself out there. No. 3, I would say, never personally guarantee. No PG for an athlete. So many people have gotten hurt like that. And then fourth, I would say, find [a deal where] everybody has skin in the game.
Have they been happy with their investments? The greatest thing for me is when I send them their returns. I’ll send them an email, and they’ll call me right away. They’re like, ‘What? Are you serious?’ It makes me happy because a) it’s interesting to them and b) they’re connected and they have some passion behind it. And athletes are really smart people. … They just need a little financial coaching, financial literacy. But once they get it and they’re confident, they’re quick learners. They just have to have people that look out for them.
Is there someone who did that for you? I’ve always had a passion for it. And then I looked up to some of my buddies like Magic Johnson, Greg Norman, Arnold Palmer, Pat Riley. All of them became friends and mentors. I really think that for athletes, picking great mentors is an incredible way to go. Almost like picking a board of advisers as diverse as you could think of — from age to gender to skill set. One thing that’s always going to be true is that you’re going to come into some challenges and choices. To be able to have a handful of people that you’ve very carefully put together, it’s so powerful. For me it’s been incredibly powerful to have people in the tech space, to have strong women, to have people in finance, to have people in sports. I can’t just have five athletes on my board.
Do you see opportunities in esports and other types of entertainment from a real estate angle? We own a big stake in NRG eSports in San Francisco. We’re building a new arena for them in SF, which we’re very excited about. We’re bullish about the space. When you think about esports in general, there’s more kids today playing esports than physical sports. While it’s great for the business of esports, it’s scary for the next generation.
How much cash do you have in your pocket? I have zero cash in my pocket. My money is in real estate. Why, do you want some of my money?
How do you manage your time? You’re extremely busy. I would say that it’s a blend between running A-Rod Corp. [and] media obligations. First and foremost is obviously being with my family and the kids.
Is this the busiest you’ve ever been? For sure. I thought I was busy when I played baseball. Even with baseball there’s a predictable schedule every day. This changes every day.
Do you still have an intense workout schedule? I try everywhere I go to get a workout in. I try every day to break a sweat, especially when I travel. I try to incorporate hot yoga. It relaxes me, it’s like meditation.
If you didn’t have baseball or real estate, what would you be doing? I think private equity. I love building things. I like curating great teams. I love to see other young people win and make a lot of money. There’s nothing that makes me happier than to see people on my team the first time they make a million dollars. It’s life changing. Coming from team sports, you just love to win with teammates. I don’t think it’s a lot of fun to win by yourself. What fun is it to get rich alone? That sucks. You want to share the pie a bit. What happens is when everyone tastes that champagne or how sweet the cake is, then everyone gets to the office at 6:30 in the morning instead of 7:30. And now you’re looking at the next deal, and the next deal. The power of alignment is everything.
What do you want people to know about you that they don’t already? I feel like they know a lot. One, that I’m a terrible cook and an even worse dancer. Other things they probably don’t know is that I enjoy business just as much as I enjoy sports … and I go at business just like the way I approach sports. You’re only as good as your team — you’re an average of the five people you surround yourself with every day.
The post A-Rod is coming for NYC and SoFla real estate appeared first on The Real Deal Miami.
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brendagilliam2 · 7 years
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New talent 2017: Best graduates outside London
We’ve already brought you our favourite graduates from two corners of the UK: Edinburgh and Falmouth. Now discover the rest of our picks of the very best graphic design, illustration and animation graduates outside of London.
Whether you’re looking for new creative talent for your studio or collaborative opportunities, the talented graduates here boast exceptional final year projects that excel in both concept and execution – and are worth keeping an eye on. 
And don’t forget to head over to D&AD New Blood at London’s Old Truman Brewery, Shoreditch, from 5-6 July to get a closer look at the work from the class of 2017 and meet the graduates in person.
How to shine at your degree show
Want to search by university instead of scrolling through? Just hit the drop-down menu below to skip to: Manchester School of Art, Arts University Bournemouth, Glasgow School of Art, Sheffield Institute of Arts or Leeds College of Art. 
First up, Plymouth College of Art…
Jake Williams 
University: Plymouth College of Art
Course: BA (Hons) Illustration
Project: Resilient Reptiles
Plymouth-based illustrator, designer and occasional animator Jake Williams produced a fully illustrated 26-page non-fiction children’s book for his final major piece. Focusing on the unique ways that reptiles of the world have adapted to survive, the publication showcases Williams’ shape-based vector style and considered use of bold, vibrant colours.
“This was a challenging project because I’d never created a book before, but an enjoyable one,” says Williams, who will be showing his work at New Designers 2017. 
“I created Resilient Reptiles alongside a range of conceptual editorial images about a range of topical and political issues. At university I spent some time at a placement with Creative Hub, working on illustrations for Cornwall Today magazine. It was great experience and has helped me to hone my style for editorial work.”
Josh Fathers 
University: Plymouth College of Art
Course: BA (Hons) Graphic Design
Project: Social Fabric
Cornwall-based graduate Josh Fathers created a tactile journal to document the “quirks of how people talk in the real world” for his final year project. “I live in a little seaside village and my community is very important to me. Essentially, Social Fabric is about the ways that people communicate when talking to other people is a choice and not a necessity.”
As well as being part of the team that designed the ‘Breaking Through’ concept behind Plymouth College of Art’s 2017 graduate shows, Fathers is also communications director of a community interest company in Cornwall. 
He travelled far and wide to record anonymous conversations for the project, putting himself in situations he wouldn’t ordinarily have found himself in. “I hope that the end result is a testament to the varied skills I’ve developed during my time at the college, but also gives an idea of what community means to me.”
Penny Chan
University: Plymouth College of Art
Course: BA (Hons) Fashion Media & Marketing
Project: Girlhood
Penny Chan combined her love of graphic design with her magazine-house experience to create the zine GIRLHOOD. “The concept behind the zine is ‘disrupt the system’; inspired by the punk movement and in protest against the highly polished photography and film in the fashion industry,” explains Chan, who’s currently working as a freelance fashion assistant for GQ Style, and has interned at Dazed & Confused as a junior designer. 
She’s helped style, plan and assist two major international Topman campaigns; worked on a Dr. Martens Spring/Summer ’18 campaign and a few British GQ and GQ Style editorials; and assisted on Take That’s latest UK Arena tour, helping to dress the band.
“I’m currently taking time out from work at GQ Style to focus on my final major project but I’ll be back in a few weeks to help style a few London Fashion Week Men’s shows,” she says.
Sarah Damo 
University: Plymouth College of Art
Course: BA (Hons) Game Arts
Project: Wonder Seekers
Italian game artist and illustrator Sarah Damo specialises in concept art. For her final major project, she created Wonder Seekers – a game concept set in a near-future, post-apocalyptic world. The story revolves around a girl who runs a robot repair shop and travels on adventures with her best friend, a mutated parrot that has grown too big to fly. Together the pair collect materials that they use to fix robots, working to find a clean energy source that can make the planet habitable by humans again. 
Damo created concepts for the environments, assets and characters, including 3D models for the characters and machinery within the game. “My personal style is greatly influenced by Renaissance art – in the use of composition, colours and imagery – and impressionism, in the use of light and different types of brush stroke,” she says.
“For Wonder Seekers, I combined these influences and tried to add more vibrant tonality to the colours, alongside restrictive palettes for certain environments. I hope that the end result communicates a strong story and mood with the viewer.”
Damo wants to work as concept or character artist in the gaming industry, “creating adventures that people can connect with and jump into” – and she looks set to achieve her aim. 
“Sarah Damo’s work is truly unique,” says Martial Bugliolo, programme leader BA (Hons) Game Arts. “The way that she merges traditional and digital illustration styles with 3D and VR mark her out as somebody with a bright career in the games industry ahead of her.” 
Greg Johnson
University: Plymouth College of Art
Course: BA (Hons) Game Arts
Project: Game environment and characters
Greg Johnson has a background in sculpture, but has spent the last three years specialising in game arts, honing his skills in VR, digital sculpting and modelling, and becoming proficient in software including 3ds Max, ZBrush, Substance Painter and Unreal Engine 4. 
For his final major project, Johnson produced an environment and characters for a game in which global warming has created a permanent layer of greenhouse gas, which has wiped out most of the life on the planet. With this dystopian world crumbling into a junkyard, the machines have evolved to hunt down the remaining humans on the planet. All of the assets have been modelled and textured for an Unreal 4 Environment.
Johnson drew inspiration from the work of Tim Burton and Shane Acker’s movie 9. “I used real-world objects, combining them to create my machines,” he says. “The way the machines move and are constructed takes influence from animals – for example, the way a raptor moves was used to animate a creature made from wind turbines, cranes and CCTV cameras.”
“I’ve always liked MMOs, historical games, and strategy games. Total War is my favourite game series to date, and I also really enjoy League of Legends, and the Fallout series has been a big influence on me.”
“The dream is to one day work for Creative Assembly as a 3D artist,” he says. “Character art and asset creation are the areas I’m most interested in.”
Jessica Mehler
University: Plymouth College of Art
Course: BA (Hons) Animation
Project: BabaY
A graduate of the European Film College in Denmark, Jessica Mehler specialised in traditional 2D and 3D printed models with stop motion animation at Plymouth College of Art. Her final project animation film is based on the Slavic folktale of Baba Yaga, an old witch who lives in a house which can walk around on chicken legs. To produce this piece she created an intricate miniature set in her studio.
“Adam Elliot’s film Mary and Max is one of the films that made me want to be an animator, along with Yuriy Norshteyn’s Hedgehog in the fog,” says Mehler, who represented Plymouth College of Art at the Creative Europe programme Euranim in Belgium. “I feel very inspired by comic books, particularly the work of Moebius and Enki bilal, but I am also a huge fan of Calvin and Hobbes.”
Briony Difford 
University: Plymouth College of Art
Course: BA (Hons) Illustration
Project: Asian Folktales
Graduate Briony Difford uses a combination of traditional ink painting and digital colouring in her illustrations, focusing on themes of the natural world. Often working with narrative-driven projects, Difford creates Japanese-inspired linework and composition, striving for detail and elegance in her illustrations.
For Asian Folktales, her final major project, she depicted her chosen stories in a way that respects traditional Asian artwork, while also bringing them into a contemporary setting and to a new audience. 
“I wanted to capture the distinct charm that has always interested me in these folk tales,” she says. “After graduating I plan to work more in publishing, creating illustrations for magazines and books as well as making and selling my work at exhibitions and events. I always want to be open to new projects and different experiences.” 
Warren Curry
University: Plymouth College of Art
Course: BA (Hons) Illustration
Projects: An Illustrator’s Guide To Surviving The Internet; and The Millennial Man
Working in a range of different styles during his third year at the college, Warren Curry illustrated two graphic novels: one a non-fiction title, focusing on the pros and cons of illustrators having an online presence; the other a collaboration with writer James Trotter. 

“It was a real challenge to create a complete body of sequential artwork that did justice to a story written by a collaborator, and a great learning experience,” says Curry, who will be exhibiting his work at New Designers. 
“My plans for the next year are to look for in-house illustration jobs, ideally around the Bristol-Cheltenham area,” he adds. “I’m also open to agency offers or freelance work.”
Next page: Our pick of the graduates from Manchester School of Art
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01. Tayia Dussie 
University: Manchester School of Art
Course: BA (Hons) Illustration with Animation
Project: When I’m 6
For her final year project, Tayia Dussie wrote and illustrated a children’s narrative, looking at colour, shape, pattern and character to communicate fun while telling different stories. 
Recently, she’s been working on a dark tale, O’l Higue, based on West Indian folklore from the villain’s point of view, which was highly commended by The Macmillan Prize for illustration. “In contrast to this,” she says, “When I’m 6 is a brighter, happier tale set in a circus. It depicts a child’s wonder at all they see and their desire to become what they admire.” 
After graduating, Dussie hopes to create commercial work and further her education.
02. Ben Grimes
University: Manchester School of Art
Course: BA (Hons) Graphic Design
Project: MOFO
“MOFO – Mock Font – is a project that explores and challenges the stereotypes associated with the Japanese aesthetic,” explains graphic design graduate Ben Grimes. An Eastern-inspired typeface, MOFO is legible as English when viewed from a different angle. “The work highlights the danger of using aesthetic references from foreign cultures in a superficial way,” he says.
Grimes fell in love with the Japanese language after studying it as part of his degree. “In the Western world, we often receive a very stylised version of Eastern language and culture, with the language being exploited by fashion brands for its cool and trendy aesthetic. I wanted to protest this by manipulating the fluid forms of Japanese characters and making people think twice about what they are actually looking at.” 
In a year’s time, Grimes hopes to be continuing to explore the connections between language and design, and combing this with his interest in theatre and set design. 
03. Lily Soltanahmadi 
University: Manchester School of Art
Course: BA (Hons) Graphic Design
Project: Assembly
Graphic design graduate Lily Soltanahmadi put together concept branding for a new creative space during her final year. Tasked with turning a historic building into something beneficial to a city, she chose York’s former fire station – which is under threat of being demolished – and crafted the branding for a café bar, Assembly. 
“Assembly celebrates the history of the building and provides a creative atmosphere to help bring the community together,” Soltanahmadi explains. “In a year’s time I hope to be working for a branding agency.”
04. Luke Rowland
University: Manchester School of Art
Course: BA (Hons) Graphic Design
Projects: Posters; Europa Std typeface
Inspired by modern European typography, Europa Std features a larger contrast than standard sans-serif typefaces, while remaining clean and accessible. “Throughout Scandinavia and many other European countries, clean, bold typography is widely prominent within the cities,” explains Luke Rowland. 
“Typefaces are often very basic, but retain a style that’s intrinsic to their surroundings. Europa Std aims to explore and highlight these subtle styles and express them enough so that the typeface holds the same aesthetic value, wherever its use may be.”
05. Lauren Dugan
University: Manchester School of Art
Course: BA (Hons) Graphic Design
Project: Love Letters to Gaia
“My final year project was centred around the theory that Earth is a living, breathing organism,” explains graduate Lauren Dugan. She produced a set of powerful, large-scale monoprints depicting mankind’s dismissive, passive attitude to the damage humans are doing. Dugan also created a series of letters written by ‘the last human alive’, lamenting the loss of the Earth’s spirit.  
“I spent a lot of time investigating the relationship we have with Gaia [the personification of the Earth] and finding ways to portray this as being as important as the connections we have with one another,” she says.
“If my Love Letters can make at least one person more mindful about their treatment of Earth, then my work has been a success.” 
Next page: Our pick of the graduates from Arts University Bournemouth
Perry Rowe and Steve O’Neil
University: Arts University Bournemouth
Course: BA (Hons) Graphic Design
Project: Net identity
For their final year project, graduates Perry Rowe and Steve O’Neil created a flexible identity for an innovative business idea. The concept? Just as different nets are able to define various enclosed spaces, so an experimental division of Crowne Plaza could provide different hotel experiences that could reinvigorate the brand as a whole.
Emily Regan
University: Arts University Bournemouth
Course: BA (Hons) Visual Communication
Project: Dance Type
This experimental project explores the theme of collaboration through the disciplines of dance and typography, resulting in a dynamic, animated typeface. Graduate Emily Regan worked with a dancer to create a ‘dance code’, choreographing dance motifs from the breakdown of letterforms, before recreating the motifs using animated vectors and reconstructing them into final type design. 
“In a year’s time I hope to be working in a creative agency, constantly expanding and refining my skill set as a creative designer,” says Regan. “My ideal career path is a designer at a fashion magazine or an in-house designer at a fashion brand.”
Saul Kaplin
University: Arts University Bournemouth
Course: BA (Hons) Graphic Design
Project: Searchlight
At a time where film audiences might be over-saturated by Hollywood’s slick, perfect CGI, graduate Saul Kaplin’s refreshing final year project revisits and celebrates the quirky qualities of analogue stop-frame methods, suggestive of early cinema. His project – a D&AD New Blood-awarded promotional video for a MUBI advertising campaign – captures the atmosphere of this era, connecting with the movie-literate MUBI audience by using elements of its logo.
Izzi Hays
University: Arts University Bournemouth
Course: BA (Hons) Graphic Design
Project: Facebook Fortunes
What better way to commemorate a long-term virtual relationship than with something tangible? Facebook Fortunes looks backwards at the memories shared, and forwards to those yet to come, through beautifully crafted and packaged fortune cookies. 
Using Arjowiggins paper, graduate Izzy Hays transformed Facebook into a physical entity that serves as a reminder of friendship in the offline world. 
“We all have people we still want to be friends with in five years’ time,” says Izzy Hays. “How can Facebook help us look towards to the future of our friendships instead of just the past and the present?”
Zante Tolley
University: Arts University Bournemouth
Course: BA (Hons) Visual Communication
Project: Tower typeface
Graduate Zante Tolley’s Tower typeface takes influence from the proportions of sister brutalist buildings, Balfron and Trellick Tower, designed by Erno Goldfinger. The crossbars or terminals of the letterforms change according to the service bridge on every third floor, as shown through a slick type specimen book and type specimen posters that showcase the two weights.
“The design reflects the dynamic nature of the Brutalist movement,” she explains.
Sarah Wickings
University: Arts University Bournemouth
Course: BA (Hons) Graphic Design
Project: Let’s Say What We Mean
Graduate Sarah Wickings’ typography-led video campaign attempts to capture the experience of autism by overloading our visual senses while presenting a series of everyday conversational phrases. The aim is to do more than raise awareness or even money – the project seeks to encourage people to communicate more effectively with a call to action: Say what you mean.
“Let’s Say What We Mean focuses on the abstract language we use in everyday scenarios and how people with autism struggle to understand it,” explains Wickings. “The aim of this video is to encourage people to consider their day-to-day language choice more clearly to make it easier for people with autism to take in.”
Kieran O’Sullivan
University: Arts University Bournemouth
Course: BA (Hons) Visual Communication
Project: The craft of Northamptonshire
Kieran O’Sullivan’s ISTD-awarded final year project is an editorial piece exploring Northampton’s rich heritage in the shoe industry. Combining original imagery and archival content from the Northampton shoe museum, the book demonstrates several uses of pull outs, dynamic typography and photography to celebrate the history of the recent graduate’s hometown. 
“In the next year I hope to take on a number of internships,” he says. “Design is so broad – I want to continue learning and expanding my knowledge.”
Maarit Koobasm
University: Arts University Bournemouth
Course: BA (Hons) Visual Communication
Project: The Beat
Maarit Koobasm’s project responds to the notion that typefaces are ready for change, and that future discourse should lead to non-referential type design. “How can human qualities be translated into digital textuality – something we see in handwriting and in letterpress typesetting? But, at the same time, how can we challenge typographic choices meant for print, especially the static essence of typography on screen?” asks Koobasm.
Koobasm’s solution was to explore how the rhythms of the heart can interplay with type on screen. “The type is therefore neither bold nor italic, but defined by the human individual. It’s not rigidly set, but develops dynamically.”
In a year’s time Koobasm intends to be continuing to develop in the field of experimental typography. “I’m also keen to secure my first internship.” 
Next page: Our pick of the graduates from Glasgow School of Art
Lucy Watkins
University: Glasgow School of Art
Course: BA (Hons) Graphic Design
Project: Careful Engagement 150
Careful Engagement150 is a collection of poetry and illustrations that aims to elevate the human traces hidden within the Report of the Iraq Inquiry. “Over 2.6 million words of political jargon make for an incredibly difficult read for anyone mildly interested in the workings behind the Iraq War,” she explains. 
Using various methods of investigation, Watkins was able to surface elements of delicate human nature from the report, and a poetic language developed. “The intention is to challenge preconceptions that the document contains little feeling or emotion, and to create an uncomfortable dichotomy between poetry and politics,” she adds.
Amir Saidani
University: Glasgow School of Art
Course: BA (Hons) Graphic Design
Project: Micronation
“We live in a world in which our borders and how we exist within those borders are constantly being brought into question – Scottish Independence, Brexit, Donald Trump to name but a few,” says Amir Saidani. “In response to these hardening borders, I decided to define my own.”
He wrote to Theresa May and declared independence for the Republic of Maktaal’amra, a micronation located at his desk space at GSA. “The project exists as a satirical, yet honest lens refracting current events through my perception. Through that process, I’ve added a little bit of my personality to them.”
Next page: Our pick of the graduates from Sheffield Institute of Arts
Jasmine Welsh
University: Sheffield Institute of Arts
Course: BA (Hons) Graphic Design
Projects: Young People in Politics and Ballot Box
Jasmine Welsh spent three months planning and producing a Question Time event that brought five politicians from the major parties face-to-face with Sheffield students. In a packed venue, Nick Clegg, Natalie Bennett, Paul Blomfield, Spencer Pitfield and David Kurten answered questions on education and immigration, and the event generated a great deal of press including an article on the event by Nick Clegg in the Evening Standard. 
“Young People in Politics is a campaign designed to encourage 18-24 year olds – who repeatedly have the lowest voter turnout – to make their voice heard,” says Welsh. 
“I also created Ballot Box, an educational board game intended as a free teaching tool for universities and colleges. It explains current political policies and can be updated with each election to help make voting more clear, combining fun with politics.”
Holly Whetnall
University: Sheffield Institute of Arts
Course: BA (Hons) Graphic Design
Project: Explore
Holly Whetnall’s final year project Explore aims to encourage walkers to stick to the footpaths within the Peak District National Park and reduce the impact of erosion on the landscape. “Within my research,” says Whetnall, “I found that positive engagement has a greater effect than negative enforcement, such as ‘keep off the grass’.”
To promote this positive engagement, Whetnall created a series of large letters spelling out the word ‘explore’ to be positioned along designated paths, creating places to stop and take photographs, and subconsciously drawing walkers along the preferred route. “The letters create a feature whilst also blending sensitively into the environment,” she adds. “They have a dark wooden frame and are filled with a species of moss native to the Peak District.”  
Seb Gardner
University: Sheffield Institute of Arts
Course: BA (Hons) Illustration
Project: Narratives in the Everyday
Narratives in the Everyday saw graduate Seb Gardner finding different ways to create a story around ordinary subjects. Taking inspiration from BBC Radio 4’s The Listening Project – which records segments of conversation between ordinary people – the project aims to make visible the “un-noticed and mundane”.
For the Sheffield edition, Gardner focused on the idea of redundancy and identity to develop an animation. “Although very personal subjects are normally only held between family members and friends, being able to visualise this audio conversation brings a whole new perspective to the matter,” he says, “whilst also engaging a still wider audience.”
Anna Terreros-Martin 
University: Sheffield Institute of Arts
Course: BA (Hons) Illustration
Project: Felix the Fox and the Rainy Day children’s book
Graduate Anna Terreros-Martin believes it’s important for all children to have an equal opportunity to read, learn and enjoy illustrated children’s books, so she produced a tactile illustrated storyboard for blind and partially sighted children, and their families. 
Using a range of different fabrics to create raised images, as well as Bare Conductive Electric Paint – which, when touched, triggers sounds – the storyboard brings the story of Felix the Fox and the Rainy Day to life by prompting readers’ senses. The storyboard is also accompanied by an audio version of the story, so children can read and use the storyboard on their own. 
“I have developed a strong interest in children’s book illustrations and how they play an important role in childhood development,” explains  Terreros-Martin, “in particular, their importance in educating children and developing a strong bond between parent and child.”
Ashton Moran
University: Sheffield Institute of Arts
Course: BA (Hons) Graphic Design
Project: By Order of the Committee
By Order of the Committee is a brand and style guide that can be used to recreate the distinctive aesthetic of a Working Men’s Club. Ashton Moran used original photography and a collection of family photographs to understand the unique interiors, decoration and signage of these venues, and the shared memories they hold. 
“This project is important in playing a role in the documentation of this once booming industry, which has a place in so many people’s hearts,” he explains. “It would be a great shame to lose such important places that have their roots in working class culture – although sadly I feel that this will eventually be the case.”
“I’d like to think that this guide will inspire someone to start up a fresh club,” he adds, “or will encourage WMCs of the present to update into the 21st century.”
Oli Wallace 
University: Sheffield Institute of Arts
Course: BA (Hons) Illustration
Revolving around themes of bias, emotive language and censorship, Oli Wallace’s final year project uses editorial illustration to engage and communicate. “I wanted to navigate the reader through the different methods that media outlets use to sway or influence opinion,” he explains. 
“It also serves to contrast the difference in tone from an article that has been deconstructed and stripped of its leading language. The different illustrations were constructed by creating metaphorical concepts that support and further inform the reader.”
Chris Winter
University: Sheffield Institute of Arts
Course: BA (Hons) Graphic Design
Project: For the Love of Books
Chris Winter’s final year project celebrates the format of the book and the pleasure of print through an experimental exploration of ink and paper. Each exploration was documented and designed into a full-colour, large-scale publication, For the Love of Books, which features double-sided folded inserts with duotone images of magnified ink.
“It got lots of people collaborating and needed a lot of tests, failures and research,” recalls Winter. “For one aspect, the unconventional Paper Collection, I created my own paper out of unconventional materials: the ultimate test was if it would print through an inkjet printer, which resulted in nearly breaking the printer several times.”
Nikitha Pankhania and Amy Hart 
University: Sheffield Institute of Arts
Course: BA (Hons) Graphic Design
Project: The Chocolate Box Company
Graduates Nikitha Pankhania and Amy Hart collaborated to create The Chocolate Box Company, which addresses a brief to create, brand and package sustainable, Fair Trade chocolate. 
“We wanted to make Fair Trade exciting, interesting, accessible and educational so we developed a personal experience designed to simulate curiosity and excitement,” says Pankhania, adding that the brand ethos extends care to farmers, the people who produce the packaging and those who transport goods.
“The packaging communicates information about the Fair Trade producers through the use of Adinkara Symbols, which are a very important part of the farmer’s Ghanaian history and culture,” explains Hart. 
Next page: Our pick of the graduates from Leeds College of Art
Hattie Windley
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Project: Zero
Zero is a wholefoods store that aims to cut down on packaging and waste by encouraging customers to use their own reusable packaging.
Charles Worrall
University: Leeds College of Art
Course: (BA Hons) Graphic Design
This project by Charles Worrall highlights the charm of the North of England, listing many of its characteristics to communicate why fracking doesn’t belong in the North.
Isla Pearce
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Graduate Isla Pearce created a comparative visualisation of the chords in different songs from a range of musical genres for her final year project. Each ring represents an individual chord and its proportional use within the record.
Emily Kaye
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Project: Saltaire Festival branding
This contemporary, eye-catching branding was crafted for Saltaire Festival, an exciting, family friendly 10-day event hosted annually at the local heritage centre.
Florence Packer
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Project: Strong and Stable
Strong and Stable is a screen-printed poster series about items that are strong and stable. According to Florence Packer, the Conservative government based its recent campaign on the idea of this, whereas the poster is based on fact.
Alex Robertson
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Project: Chunk On Limited
Chunk On Limited is a publication that makes you want to go fishing and take along your camera. It showcases the very best of professional and amateur angler’s stories, interviews and photography, from anywhere and everywhere.
Joel Sleet
University: Leeds College of Art
Course: (BA Hons) Graphic Design
Project: Certain typeface
Certain is a typeface for uncertain times. Designer Joel Sleet aimed to build trust between the communicator and reader by taking a step away from a corporate style, while still remaining visually consistent and grounded.
Taime Newton
University: Leeds College of Art
Course: (BA Hons) Graphic Design
These screenprinted montages utilise a punk aesthetic, with high contrast imagery – both found and original – juxtaposing architecture and retro figurative photography.
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walterfrodriguez · 5 years
Text
A-Rod’s real estate playbook
Alex Rodriguez (Photos by Guerin Blask)
Alex Rodriguez has seen both his professional and personal life covered exhaustively in newspapers across the country for decades now.
But since retiring as the Yankees’ star third baseman in 2016 — and, according to Forbes, pocketing over $480 million during his 22-year, pro-baseball career — he’s become even busier.
He’s now juggling regular media appearances with color commenting baseball games (he’s a broadcaster for Fox Sports and part of ESPN’s Sunday Night Baseball team) and growing his real estate and investment empire, which all operates under his A-Rod Corp. umbrella.
He is also co-hosting a podcast, which launched last year, called The Corp, where he’s interviewed guests ranging from Martha Stewart and Kevin Bacon to real estate tycoons like Barry Sternlicht and Barbara Corcoran. Oh, he also has two daughters, ages 11 and 14, and is engaged to superstar singer, producer and actress Jennifer Lopez — aka J.Lo.
Since he founded the Miami-based A-Rod Corp. in 2003, the firm has purchased over 15,000 apartments across the U.S., deploying hundreds of millions of dollars on real estate and investing in companies like the hospitality startup Sonder, private jet startup Wheels Up, Snapchat and NRG eSports.
Sternlicht said Rodriguez has shown that he’s willing to put in the time and energy needed to succeed in business and said he comes to an “informed decision based on reasoned information and careful diligence.”
“Alex approaches business with the same dedication and passion he did baseball,” Sternlicht told The Real Deal via email. “Alex wants to win, really crush, in his work as he did in the majors.”
In July, A-Rod Corp. closed on a $4.5 million condo at Terra’s Grove at Grand Bay, twin luxury towers in Miami designed by starchitect Bjarke Ingels. (The company is building out its unit as an office and creating a ground-floor event space).
Meanwhile, in May, the Miami-based Monument Capital Management, A-Rod Corp.’s multifamily arm, launched its fourth residential fund focused on workforce housing with the majority of the roughly $50 million it raised coming from family offices and high-net-worth individuals, including fellow professional athletes (though he declined to name any).
It’s planning to buy about $200 million worth of real estate and has already closed on properties in Illinois and Tennessee with a third under contract in North Carolina. And it’s looking to launch a fifth fund, for $100 million, in 2020.
Workforce housing has been “one of the best places to take your money” because it has “tremendous yield and protective downside,” he said, during one of two interviews with TRD last month. The first of those conversations was at partner Stonehenge NYC’s Manhattan office, the second at his sprawling 11,000 square-foot Florida home, which has an indoor basketball court and where his art collection is on display.
In Miami, Rodriguez’s company is also investing in at least two developments, the Fairchild Coconut Grove, a boutique condo project, and a 31-story rental tower at 40 Northwest Third Street, the latter with Grand Station Partners.
On the New York front, last December, Adam Modlin, Rodriguez’s personal broker in New York, introduced him to Stonehenge CEO Ofer Yardeni and, six months later, the trio announced a partnership to buy rental buildings and condos in the Big Apple. They’re now in contract on their first deal: A 100-plus-unit rental building on East 51st Street in Manhattan.
The partners will be tapping their personal networks to raise about $500 million and then leverage that to buy $1 billion worth of value-add multifamily real estate in the city in the next 18 months, said Yardeni.
“Collaborating with [Rodriguez] will be extremely beneficial to all of us,” Yardeni said, noting that Rodriguez has a “tremendous network and an excellent reputation.”
“The vast network that he has can help Stonehenge go and raise capital from family officers, high-net-worth individuals and more institutional players because when Alex calls, everybody listens,” Yardeni added.
Modlin also gushed about Rodriguez, saying the retired Yankee has been “thinking about investing in New York City multifamily for years” and that he “brings a secret sauce.”
“Alex is a partner that anyone would dream to have,” Modlin said.  
The 44-year-old Rodriguez — who just sold a home in Los Angeles (which he bought from Meryl Streep) for $4.4 million and unloaded a $17.5 million pad at 432 Park Avenue — spends about half the month in Miami. The other half is spent jet setting on his Gulfstream IV to New York, L.A. or wherever else his broadcasting responsibilities take him.
Below is an edited and condensed version of his conversations with TRD — which were more focused on real estate stats than baseball stats.
You made your first real estate purchase in your early 20s, only a few years into playing for the Seattle Mariners. Tell us about that deal. It was a duplex out of Miami. The reason I liked the investment was because it was 10 minutes from Miami Beach and 10 minutes from Coral Gables and it was near the water. I needed around $48,000 [for the] down payment. I was very nervous about it. It was near the Miami arena. My thesis for the investment was very simple — it was around fear. I felt that if I bought some real estate that over time, if I signed a 15- to 20-year note, that by the time I was 30 or 40 I would have a handful of assets with very little debt. That was my answer to not going bankrupt, owning hard assets.
So, is that why you initially got into real estate? You said you didn’t want to go bankrupt. That’s all I’ve ever known. I always say, stick to what you’re passionate about and what you know. Coming from a single mother, all we knew was renting. We never bought anything. I envisioned one day as a young man that if I got an opportunity to trade places with a landlord that I would.
Alex Rodriguez (center) with Adam Modlin (left) and Ofer Yardeni
Do you only purchase multifamily? We’re really focused. Yes, I play sports. But I play baseball. Yes, I play real estate, but I play multifamily. … I’d say [our] average is Class B properties. There’s always an added-value component to them.
You spent the majority of your baseball career on the Yankees under Joe Torre and Joe Girardi. What did you learn from them about running and managing an organization? Joe Torre and Joe Girardi were both great managers. They both held me accountable. They expected you to show up early and leave late and they did not micromanage. Joe Girardi was more hands on, and Joe Torre was more like the Godfather. I remember one time I was struggling and Joe Torre brought me into his office. He thought I was overworking. I was nervous because it was 2004 and it was my first year as a Yankee and they have this incredible history with so many championships. I thought he was going to be mad and really get upset with me and he said ‘Look, I think you’re pressing too much. If you turn around, there’s a beautiful bottle of wine, Silver Oak and next to it a cigar.’ He said, ‘I want you to go home, drink that bottle of wine.’ I said, ‘Well, I’m not much of a drinker of wine.’ He said, ‘Drink it and have a cigar, and come back, tomorrow’s game is at 7. If you show up before 6 o’clock I will fine you. So just show up and play.’ It made me so nervous to show up to the park so late. Usually, you’re there five or six hours before the game. [But] I show up around 6 o’clock. That night, I go out and hit a home run. The next night I go out and hit two home runs and off I went and finished that season very strong.
You went straight to the Mariners from high school, forgoing a scholarship to the University of Miami. Have you considered going back to school and getting any degrees? I’ve always thought about it. Joe Girardi always said that I was a teacher and a student at heart. And I think he’s right. I love to learn. I’m constantly trying to educate. I’ve been self-taught because I didn’t have any formal education. But I wouldn’t rule it out.
Does your team scout out opportunities and bring them to you? How involved are you in the whole process? I mean if you talk to Lane LaMure, Jeff Lee, Lisa Peier and Erin Knight [from my team], they’d probably tell you I’m involved too much. But I think that as we scale, we have to really count on our team. Ideas and opportunities come from all over the place.
How big is the company? It’s fluctuated. We were at one point 10,000 apartments. Today we might fluctuate by 3,000 to 6,000 depending on whether we’re buying or selling. We feel that it’s fairly late in the cycle right now. We take the philosophy that we sell 3,000 but we buy 1,000.
Are you worried about a recession? Are you preparing for that? We’re definitely in a defensive mode. We have our feet on the brakes a little bit. We made the decision about three years ago to start selling some of our portfolios and preparing for an opportunity. So, while we’re still buying, we’re cautious.
You’re investing in Chicago, New York and Miami. What other cities are you eyeing right now? We like to buy, fix [and] refinance. We’ve had a lot of success in secondary and tertiary markets, especially in the southeast. North Carolina has been great. We’ve had a lot of success in Texas. Chicago has been an incredible investment for us. … We’re very fortunate to have [Monument’s Chief Investment Officer] Stuart Zook leading the way. He’s always identifying new markets. Interesting markets where we haven’t been before are Tucson, Reno, Portland and Seattle. As we kind of move into the West Coast for the first time, it’s been a fun process. [Zook is] really good about picking what’s next. He’s got some great cities up his sleeve.
I read that you know Warren Buffet. What’s the best advice he’s given you? One of the lessons learned from Warren Buffet has been to do what you absolutely love to do with the people you love and respect. One of the interesting things I found with Warren is that he’s 89 and to this day, he’s still putting in six days of work. He’s in the office every day at 7:30. He reads five to eight hours a day.
Who else do you look up to in the real estate industry? I look up to Stuart Zook. I feel incredibly fortunate that I met him almost 11 years ago. I thought it was the biggest break of my [business] career to find a guy that’s managed over $2 billion in assets over the course of his career and who understands the game so well. Someone who’s extremely ethical and incredibly conservative. We do this all the time [head butting motion] because I want to buy, and he says ‘No, no, no.’ That’s why he’s a much better investor than I am and why our returns have been incredible. He’s like Ted Williams. If it’s not right down the middle, center cut … he does have Buffet-esque discipline. I wish mine could be that good. But I’m a little more aggressive.
Does being a celebrity works against you in business? It’s a great question. As an athlete, there’s a gift and a curse. Sometimes, people celebrate and take the meeting. But for the most part, they’re thinking that you’re just an athlete. So I think part of what you have to do as an athlete is surround yourself with institutional-type investors with incredible background so a) they understand that your infrastructure and your team is one that can play at the big-league level and b) be one that can actually follow through and do the things they say they can.
There were reports that you are launching a business reality show in the same vein as “Shark Tank” on NBC. What can you tell us about it? We can’t talk much about the business show, but we’re very excited about and it has a little bit of a “Shark Tank” twist.
You told a crowd at a 2018 real estate convention that J.Lo loves real estate and has a “superpower to see what’s good and what’s not.” Do you guys talk about real estate and do you have plans to invest in any projects together? Jennifer loves residential real estate. I love commercial real estate. So, we make a good team there. She has impeccable taste, obviously. When you walk into her home, it’s always impeccable, smells good and is always in great neighborhood.
You two recently sold your condo at 432 Park. Why did you sell? Was it an investment decision or a personal decision? It was a trade. We love the building. We went in, we bought it. We have a big family — we didn’t fit. We needed a little bit more space.
Are you looking for a new apartment in New York City? I wouldn’t say so. We’re happy.
You announced your engagement to J.Lo in March. When’s the wedding? Now that was a nice pivot. We went from New York real estate to the wedding. Why don’t we go back to New York real estate?
How did you first meet Adam Modlin and how did you make the jump from broker-client to business partners? I met Adam over 25 years ago over at Bergdorf Goodman when he was selling suits. I knew I was going to like Adam from the get-go because the suit cost $500 and he tried to sell it to me for $5,000. I said this guy’s a pretty good salesman. Adam Modlin is a savant when it comes to New York real estate.
What about Ofer Yardeni? I met Ofer through Adam. I met him in South Florida over dinner [at Prime 112 in Miami Beach]. We quickly hit it off. Then we set a meeting together that lasted three days on the West Coast. My partner, Lane LaMure, came out. Adam came out. Over the course of two or three days we put together what we thought was a really great idea to buy real estate in New York City. Ofer has an incredible background. He served in the Israeli military. … He has a great family, great morals, great ethics and great background. He brings that intensity from his [military] background. He’s up every day at 4 a.m., he’s working out by 5, in the office by 6:30 or 7. With my background in New York, it’s always been a dream of mine to own real estate [there]. It’s the best real estate in the world. To have an operator who essentially is like Michael Jordan in his space … I thought it would be a great partnership.
Principal of Monument Capital Management Stuart Zook and executive vice president Erin Knight
When do you plan to make your first NYC investments? We’re close to having a letter of intent for an asset right here in Manhattan. It’s a great opportunity for us. It’s rentals and it’s in Manhattan.
Where else do you see potential in New York? Around Yankees Stadium or around Citi Field in Willets Point and Flushing? I think that there’s upside around Yankee Stadium and around the Mets [at Citi Field]. I think both have a lot of upside. Anywhere in New York City, you have the potential. … But I think for this particular venture, we’re really focused on Manhattan.
A-Rod Corp. is moving to a condo in Coconut Grove. One your execs, Erin Knight, said the firm is bullish on the area. Are you planning any other investments there? Well, Erin Knight is from Miami and she went to school right down the street at Ransom Everglades. So, we ended up buying this beautiful office space. The kids go to school nearby and right across the street we’re developing about 27 apartments in a place called the Fairchild Coconut Grove, which is right on the water. We’re very bullish when it comes to Coconut Grove. In five or seven or 10 years, you’re not going to be able to recognize Coconut Grove. It’s going to be awesome.
Where else in Miami? We’re developing about 31 stories, 300 units in downtown Miami. We love rentals and it’s just a place that’s on fire. I love Coral Gables, Coconut Grove, Miami Beach. I wish I was spending more time in Miami
I read that $20 million of the $50 million you raised for that fund came from high-net-worth individuals. Have you tapped any other athletes or celebrities? We’re very diversified. They come from the private equity world, hedge funds and entertainment. We have probably a dozen athletes that have come on board. One of the things I’m very proud of with our LPs [limited partners] is that over 95 percent of anybody who’s come in has never left us. They just keep doubling, tripling down.
What advice do you give to young athletes who want to invest in real estate or start their own business? Do you get that question? Yeah, I do. We have several dozen athletes that have invested with us, and every single one of them has come back for more. [I say] ‘I made mistakes, just like I made mistakes in baseball. I had some failures, that’s part of it. But I think never trying to be involved, that’s also a mistake.’ Even if you’re not interested, you have to be interested in protecting your future. I think you have a responsibility to yourself and a fiduciary duty to your family. … Real estate, with the right partner, is a great hedge to the W2 income you earn as an athlete. While your career earnings potential downgrades, your real estate appreciates. The No. 1 thing I would say is find a great partner. … No. 2, find yourself a great lawyer [who can] structure deals in a way that you have downside protection and you’re not putting yourself out there. No. 3, I would say, never personally guarantee. No PG for an athlete. So many people have gotten hurt like that. And then fourth, I would say, find [a deal where] everybody has skin in the game.
Have they been happy with their investments? The greatest thing for me is when I send them their returns. I’ll send them an email, and they’ll call me right away. They’re like, ‘What? Are you serious?’ It makes me happy because a) it’s interesting to them and b) they’re connected and they have some passion behind it. And athletes are really smart people. … They just need a little financial coaching, financial literacy. But once they get it and they’re confident, they’re quick learners. They just have to have people that look out for them.
Is there someone who did that for you? I’ve always had a passion for it. And then I looked up to some of my buddies like Magic Johnson, Greg Norman, Arnold Palmer, Pat Riley. All of them became friends and mentors. I really think that for athletes, picking great mentors is an incredible way to go. Almost like picking a board of advisers as diverse as you could think of — from age to gender to skill set. One thing that’s always going to be true is that you’re going to come into some challenges and choices. To be able to have a handful of people that you’ve very carefully put together, it’s so powerful. For me it’s been incredibly powerful to have people in the tech space, to have strong women, to have people in finance, to have people in sports. I can’t just have five athletes on my board.
Do you see opportunities in esports and other types of entertainment from a real estate angle? We own a big stake in NRG eSports in San Francisco. We’re building a new arena for them in SF, which we’re very excited about. We’re bullish about the space. When you think about esports in general, there’s more kids today playing esports than physical sports. While it’s great for the business of esports, it’s scary for the next generation.
How much cash do you have in your pocket? I have zero cash in my pocket. My money is in real estate. Why, do you want some of my money?
How do you manage your time? You’re extremely busy. I would say that it’s a blend between running A-Rod Corp. [and] media obligations. First and foremost is obviously being with my family and the kids.
Is this the busiest you’ve ever been? For sure. I thought I was busy when I played baseball. Even with baseball there’s a predictable schedule every day. This changes every day.
Do you still have an intense workout schedule? I try everywhere I go to get a workout in. I try every day to break a sweat, especially when I travel. I try to incorporate hot yoga. It relaxes me, it’s like meditation.
If you didn’t have baseball or real estate, what would you be doing? I think private equity. I love building things. I like curating great teams. I love to see other young people win and make a lot of money. There’s nothing that makes me happier than to see people on my team the first time they make a million dollars. It’s life changing. Coming from team sports, you just love to win with teammates. I don’t think it’s a lot of fun to win by yourself. What fun is it to get rich alone? That sucks. You want to share the pie a bit. What happens is when everyone tastes that champagne or how sweet the cake is, then everyone gets to the office at 6:30 in the morning instead of 7:30. And now you’re looking at the next deal, and the next deal. The power of alignment is everything.
What do you want people to know about you that they don’t already? I feel like they know a lot. One, that I’m a terrible cook and an even worse dancer. Other things they probably don’t know is that I enjoy business just as much as I enjoy sports … and I go at business just like the way I approach sports. You’re only as good as your team — you’re an average of the five people you surround yourself with every day.
from The Real Deal Miami & Miami Florida Real Estate & Housing News | & Curbed Miami - All https://therealdeal.com/issues_articles/a-rods-real-estate-playbook/#new_tab via IFTTT
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