Alex Rodriguez and Constantine Scurtis started their venture shortly after the baseball player married Cynthia Scurtis in 2002 Alex Rodriguez and Scurtis’ former real estate partnership spanned more than 5,000 multifamily units purchased for $300 million in the early 2000s in Miami as well as in Texas, Mississippi, Indiana and Oklahoma, according to court filings. The properties largely were Class C apartments they planned to upgrade and hold long-term, but plans also included a vision to develop a 782-unit luxury condominium on their Edgewater assemblage they had dubbed “Promised Land,” Scurtis claimed in court. Rodriguez responded in court filings, saying Scurtis was caught dipping into their partnership’s funds to the tune of $1.4 million, and pushed back on other allegations. Scurtis, who leads Texas-based multifamily investor Lynd’s acquisition arm, fired another set of 13 related lawsuits in January, on behalf of entities the duo had used to buy real estate. Things went awry when Rodriguez and his ex-wife divorced in 2008, shortly after news of his alleged infidelity broke. Exactly how much money is at stake for Rodriguez under the remaining claims is currently unclear.
| Types | Person, Business Person |