Donald Trump built his wealth through estate investments and development. He also ventured into entertainment, including his popular show The Apprentice and his new social media app Truth Social, which recently went public via a SPAC merger and now trades as Trump Media & Technology Group Corp. DJT.
Investing in real estate is not as easy as it once was, especially with rates at elevated levels. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
So, how can you invest like Donald Trump in today's market? Well, his portfolio is highly concentrated in two states – New York and Florida. Let's focus on New York.
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New York State of Mind
Alexander's ALX is a REIT that leases, manages, develops, and redevelops properties in New York. Its portfolio consists of five properties in greater New York City, including 731 Lexington Avenue, the Rego Center, and The Alexander apartment tower.
Alexander's currently pays a quarterly dividend of $4.50 per share, equating to an annualized dividend of $18.00 per share, which gives its stock a yield of about 8.6% at the time of this writing.
Alexander’s has maintained its current $18 annual dividend rate since 2018, making it a very reliable source of income to go with the potential price appreciation in its world-class assets over the long term.
Another way to invest like Trump
You can also get started in real estate like Donald Trump by using a real estate crowdfunding platform, like Bezos and Khosrowshahi-backed Arrived Homes or Marcus and Millichap-backed EquityMultiple. Real estate crowdfunding platforms allow you to connect with other investors and pool your money to purchase property for passive real estate income.
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