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.
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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
