Here’s how Jeezy’s real estate investments really stack up

Thursday evening’s Verzuz battle between Southern hip-hop legends Gucci Mane and Jeezy, which appeared to settle 15 years of beef between the 2 rappers, took an sudden flip when the subject of real estate emerged.

The viral, musical battle webcast, which netted practically 2 million viewers, included Gucci, 40, giving jabs on Jeezy’s outfit — together with a comment on how the 2 ought to host a jewellery Verzuz within the subsequent broadcast.

But Jeezy, 43, responded that the 2 ought to concentrate on wiser investments, comparable to property, including that he is received a ton of real estate and “owns over half of Atlanta.”

Jeezy, whose internet price was estimated by Forbes in 2013 at $6 million and extra lately at $10 million from the far much less official Celebrity Net Worth web site, quickly became the subject of Twitter memes created from the seemingly old-man trade. They begged the query as as to whether he certainly owns half of town’s real estate.

In brief, no. But Jeezy’s real-estate investments are nothing to smell at and have attracted headlines over the previous a number of years.

Back in 2007, Jeezy — also called “The Snowman” and his authorized title Jay Wayne Jenkins — purchased a two-story penthouse on the Phoenix on Peachtree condominium complicated for $1.32 milllion. The 3,140-square-foot unfold gave him three bedrooms and 4 loos — in addition to floor-to-ceiling home windows and an enormous customized closet that housed his many pairs of sneakers. In 2013, he listed the condominium for a loss at $1.1 million, ultimately selling it for $950,000 in 2014.

In later years, he was extra fortunate together with his real-estate holdings.

In 2015, in line with TMZ, Jeezy spent $1.5 million on a 9,000-square-foot dwelling outdoors of Atlanta — only a month earlier than he had weapons expenses towards him dismissed in reference to a deadly capturing at a Wiz Khalifa live performance in 2014. This dwelling, which sits on a 1.2-acre lot, has six bedrooms and 7 loos.

In 2016, he notched one other real-estate win. He snagged a three-story home close to the campus of Georgia Tech for $685,750. Specifically, additionally per TMZ, the pad was a revamped foreclosures, and Jeezy received it for $45,000 under its asking worth. This pad has three bedrooms, indoor and out of doors fireplaces, a two-car storage and a roof deck accessible through an elevator that appears out to metropolis views.

Jeezy transformed that three-story property right into a studio compound. As talked about in a 2017 characteristic in Coveteur, it spread across three buildings, which he known as “The Embassy.” Features there embody studios, a sport room, a barbershop and an workplace. And, sure, that roof terrace, with an outside tv and lounge furnishings.

“I needed to create one thing that was boutique-style, to suit your each want from well being, to being comfy, to with the ability to get the whole lot accomplished in a single house,” he advised the publication. “When you are right here, you bought the entire house. You’re capable of get the whole lot accomplished, eat upstairs with the chef, if you’ll want to go someplace there is a driver, you may get haircuts within the barbershop, there is a gymnasium. If you’ll want to get away for a minute, there is a rooftop cigar lounge upstairs.”

Source: nypost.com

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