After making a name for himself as a tech investor, Arthur Becker is diversifying his portfolio into the lucrative real estate market. One of his first moves as a real estate investor was the purchase of three townhouses located in the SoHo District, reports therealdeal.com. Besides increasing the size of his investments, the new properties will give Becker a source of steady income as he plans to rent them out. It is speculated that he is holding the townhouses so that they can gain value.
It is estimated by NY Mag that in the recent months, the investor invested almost $20 million in real estate projects. For an experienced investor like Becker, this is not a surprise investment. Over the years, he has been eyeing the property market. The investor, in many occasions, has backed the sector but he had not made a personal investment.
SoHo is a prestigious residential location in the New York area. With three upscale properties in the area, Becker is setting himself to becoming one of the prominent real estate investors in the neighborhoods. Although he is expected to rent the houses as they gain value, he may also live in one of the houses. Becker is also projected to make handsome returns when he sells the properties.
In addition, Arthur Becker has invested in many tech companies. He has significant shares in Madison Technology Group and Zinio LLC. Zinio is a digital newsstand with over 24 million readers. The platform’s users can access over 5,500 US Magazines from over 33 counties. Becker serves as the chairman and CEO of the company.
Becker has been associated with Madison Technology Group, as both an investor and an executive leader, for over 15 years. The management and information technology-consulting firm has grown over time because of his leadership traits. Moreover, Becker has invested in NaviSite, a provider of online management services. Its services are aimed at helping companies lower their operating costs and improve their profitability margins.
The New York-based investor owes his exemplary investments skills to his sound educational background. He earned his BA from the Bennington College in 1972 before joining Tuck School of Business at Dartmouth to study Business Management. This information was originally mentioned on Crunch base as highlighted in the following link https://www.crunchbase.com/person/arthur-becker#/entity