Billionaire hedge fund manager James G. Dinan is joining other billionaires and hedge funders at the exclusive Faena House – Dinan paid $20 million for a unit, Miami-Dade County records show. He bought unit 14A, a 4, 730-square-foot residence with four bedrooms and six bathrooms.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
That puts the price per square foot at about $4, 228. Dinan’s unit also features a 1, 516-square-foot terrace, according to marketing materials. He financed the deal with a $10 million mortgage from Bank of America. Dinan, the founder of York Capital Management, is worth an estimated $2.4 billion, according to Forbes. In 2010, he sold 33 percent of York to Credit Suisse for a reported $425 million. Dinan, a partial owner of the NBA’s Milwaukee Bucks, has homes in Manhattan; Westchester County, New York; Nantucket, Massachusetts; and in the Caribbean, according to a 2007 Bloomberg article.
Read the full story at The Real Deal By Katherine Kallergis
