The founder and CEO of Aragon Development calls attention to some of the major business transactions that made him into a billionaire with other ventures such as Ironstone capital.
WELLINGTON, FL / ACCESSWIRE / June 28, 2021 / Moti Maximoff has had a long and storied career in the global investment and real estate industries, and is currently the president and chief executive of Aragon Development, a real estate development/investment and holding company based in South Florida. Aragon has grown significantly over the past few years and has now created one of the largest portfolios in South Florida, specializing in luxury residences, future land development, and even entire communities throughout downtown Miami and reaching out as far as Tampa. This level of achievement was earned through experience.
Maximoff also founded and acted as the managing partner of the investment firm Ironstone Capital in the early years of the 21st century when he crafted many of his foundational business deals.
Such a transaction occurred in July of 2013, when Moti purchased 12 apartments in the as-then incomplete Meier on Rothschild Tower in Tel Aviv, Israel for a little more than 100 million new Israeli shekels (NIS) through Ironstone Capital. The building's developers noted that it was one of the largest real estate sales in the building to that point. Upon the tower's completion, Moti Maximoff adopted one of these apartments, a full-floor 800 square meter unit with four 12 square meter balconies, as his primary residence in Israel. The price tag on that apartment alone was NIS 44 million.
In March of 2014, Moti Maximoff acquired an additional apartment in the same building complex, another 800 square meter unit with 48 square meters of balconies. This apartment took up the entirety of the tower's 31st floor, and was purchased for slightly less money, costing only NIS 53,000 per square meter when compared with the full-floor apartment Moti purchased the previous year, which cost NIS 53,400 per square meter. As it stands, Moti Maximoff owns 13 residential units in the tower.
The Meier on Rothschild Tower was completed in 2016. It is owned by Berggruen Residential Ltd., which is owned by US billionaire Nicholas Berggruen, and Hagag Group Real Estate Development Ltd., which is controlled by Tzahi and Ido Haga, as well as Achim Cohen Ltd. The tower was designed by Richard Meier and the chief contractor on the project was Dori Group Ltd.
About Moti Maximoff:
Moti Maximoff is a professional investor and real estate developer. He is the founder and managing partner of Ironstone Capital, an investment firm with interests in the United States, Canada, Brazil, and Israel. Moti Maximoff is also the president and CEO of Aragon Development, a real estate development and construction company based in South Florida.
A certified billionaire, Moti Maximoff's extensive knowledge of the real estate industry and quarter-century of experience has resulted in hundreds of successful projects in the United States, Canada, and Israel. He is known industry-wide for his acumen in identifying and acquiring lucrative investment prospects and real estate properties.
Contact Information:
Ironstone Capital/Aragon Development
Email: [email protected]
Phone: 585-469-5370
Website: www.aragondevelopment.com
SOURCE: Ironstone Capital/Aragon Development