Gindi single family office sells retail building in Miami

Gindi single family office sells retail building in Miami

We created this article as part of our research process for our US single family office database. Here, we are highlighting the sale of an object in Miami by ASG Equities, the real estate family office of the Gindi family.

The real estate single family office of the Gindi family, ASG Equities, announced that it has sold 70-74 NE 40th Street in Miami. The building is in Miami’s luxurious Design District. The building is occupied by the two luxury fashion brands Ksubi and Orlean. The building has 4,500 sqft of retail space. ASG sold a three-building portfolio during recent months. One of the buildings was sold to Dacra, another one to Alo Yoga. The family office remains active in the region: together with Helm Equities, the family office develops a 500,000 sqft mixed-used project, spanning a whole block.

ASG Equities: the Gindi single family office

The Gindi family office stands behind the Century 21 department stores. The net worth of the family is estimated at $6bn. Its real estate portfolio has more than 6,5mn sqft of assets in the U.S. and Canada. For instance, the family office owns 100 Bloor Street in Toronto. Furthermore, the family office invests in private equity, venture capital, credit, equities and alternatives.

Article Source: citybiz
Picture source: Antonio Cuellar

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