Bifalgorithm post

There's one billionaire who has quietly been buying up huge pieces of Miami for more than a decade. And most people have no idea who he is. His name is Moisha Mana. Mana immigrated to the United States from Israel and built his fortune starting with a moving company. But then he started buying real estate and his strategy was different. Instead of buying one trophy building at a time, Mana started buying entire neighborhoods. In Winwood, he began assembling property back in 2010. Today, Mana controls the largest single-land assemblage in Winwood, roughly 45 acres. Then he went after downtown Miami. Building after building after building. Today, he controls roughly 80 properties in downtown, concentrated around Flagustry. Museum Tower, Mana bought for 74 million. One downtown, the former Sun Trust Tower, Mana. Again, 110 million. The historic downtown Miami Post Office, another 20 million. The building housing past East and Windwood, Mana, 24 and a half million. And he's still buying. But here's what makes this strategy fascinating. Mana isn't just betting on individual buildings. He's betting that if you control enough real estate in one neighborhood, you can help control the direction of the neighborhood itself. That's a completely different way to think about real estate. Don't just buy where the city is going. Own enough to help determine where it goes.

There's one billionaire who has quietly been buying up huge pieces of Miami for more than a decade. And most people have no idea who he is. His name is Moisha…