Renowned tech mogul, Arthur Becker has spent a considerable number of years investing in the tech business. Over the years, he has used the profits he gets from this business to invest in real estate properties. He has numerous properties in New York, a virtue that earned him the name silent backer of New York City.
Recently, https://therealdeal.com/2016/08/30/tech-mogul-arthur-becker-gets-trio-of-townhouses-for-stake-in-soho-project/, Arthur acquired three new properties in New York’s most desirable location, Soho District. The property, which is worth $20 million, will give him long-term returns when he finally decides to sell it. The area is appealing to investors and will obviously attract the attention of people who have the desire to live in the city.
Currently, Arthur plans to use one of the properties as his private residential home while he leases out the other two. The leasing idea will see him realize considerable returns from the two houses in the long run. Using the profits he has earned from the tech industries, in a report by NY Daily News, Arthur has invested over $500 million in the real estate properties in New York. He has managed this with his involvement in with companies such as Atlantic and Madison.
Involvement in Tech Business
Arthur has vast knowledge in the tech business and has worked for various technology firms in the past. He is the CEO and chairman of Zinio LLC., a multi-platform distribution center for a digital magazine. The company has over 5,000 magazines from various publishers.
Previously, he was the president and CEO of NaviSite Inc. before it was sold in 2011 to Time Warner. NaviSite involved in technology and management services distributed across US and UK. After NaviSite was sold, Arthur Becker has involved in private tech and real estate investment.
According to NY Mag, he acted as the vice-chairman and director of ClearBlue Technologies in 2000 to 2003, the predecessor company to Atlantic. Arthur is a managing member of Madison, an investment fund dealing with technology and telecommunications companies.
Madison is a managing member of Atlantic. Arthur has vast knowledge in the tech business having accumulated experience by working for several firms including Advance Partners LLC which was involved in providing advice to Global Switch and Cendent Corporation in the UK.