Alex Rodriguez' Real Estate, Charitable Donations Examined
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N.Y. Times Examines Rodriguez' Real
Estate Holdings And Charitable Donations |
The real estate holdings and charitable donations of Yankees 3B ALEX RODRIGUEZ are examined by the N.Y. TIMES' Selena Roberts, who calls Rodriguez "an obsessive pursuer of cold, hard numbers on and off the bases, with serially disingenuous nods to his ever-challenged image." Rodriguez, who serves as Newport Property Ventures (NPV) CEO, owns and operates six apartment complexes in Tampa and at least 16 nationwide. Roberts writes while Rodriguez "isn't exactly a slumlord ... he has become a landlord caricature among dwellers who hold him accountable for, say, the stack of molding mattresses by the dumpster at Newport Villas" in Tampa. Renters said that Rodriguez has doubled late fees to $100 on $600 per-month units. Property records indicate NPV paid $58.7M for several complexes in Tampa between '04-07 which have been appraised at a "current market value" of $46.3M. Repeated efforts to reach Rodriguez for comment through PR contacts were unsuccessful, and messages left for Rodriguez and NPV Manager CONSTANTINE SCURTIS at the company offices were not returned.
CHARITABLE DONATIONS: Roberts notes Rodriguez founded the AROD Family Foundation and while he has earned almost $200M the past ten seasons, in "eight years of available documents, [his] donations averaged $30,000 a year and gifts distributed to the community averaged $13,000 a year." Rodriguez did not contribute more than $5,500 in '02 to the foundation, and in '06 the foundation "did not give away more than $5,090 despite a fund-raiser that collected $368,000." In '02, Rodriguez donated $3.9M "to a scholarship fund and baseball stadium renovations" at the Univ. of Miami, where the practice facility is now named Alex Rodriguez Park (N.Y. TIMES, 12/7).
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