Giannis Antetokounmpo Taking His Talents to CRE
NBA star Giannis Antetokounmpo has been taking his talents to real estate and scooping up apartments. This is happening through his family office firm, Ante, Inc., with the deals concentrated in the Midwest and in Brooklyn.
The latest deal involved an affiliate of the firm buying 56-unit Harmony Apartments in Chicago for $21 million, according to a report from CoStar. The four-story property was first delivered in 2024.
Another recent deal Ante made was paying nearly $25.2 million for two buildings in Brooklyn's Prospect Lefferts Garden neighborhood in November: 520 Parkside Avenue and 111 Clarkson Street. The two combine for 50 units. That same month, Ante acquired 41-unit The Emerson for $11.60 million in Madison, Wisconsin.
According to CoStar, Ante has spent more than $69 million on acquiring 186 apartments over the past few months.
Along with Giannis, his brothers including Thanasis (who plays on the same NBA team as the Milwaukee Bucks), share ownership in Ante. Outside of real estate, the firm also has stakes in sports entities, including the Milwaukee Brewers and Nashville SC in Major League Soccer.
It's unclear if Ante will continue investing in apartments and any other real estate sectors.
While the national multifamily market struggles with the influx of supply coming online ? there's good news for Giannis and his firm ? the Midwest and the Northeast have been showing resilience. Grant Montgomery, national multifamily director at CoStar, told GlobeSt. recently that these regions "had a good 2025," with him predicting another solid 2026 for the Midwest and Northeast. This is largely because "these are markets where you have supply and demand more in balance."
Source: GlobeSt/ALM