John Paulson is newly bullish on U.S. property values, and he appears to be putting his money where his mouth is.
The New York hedge fund manager just expanded his real estate portfolio with the purchase of a $24.5 million ranch in Aspen, Colorado. He already owns a $14.7 million, 20,000 square foot Upper East Side home and a $41.3 million, 10.4 acre Southampton estate.
According to The Aspen Times, Paulson is the buyer of the “Aspen Lakes Estate,” which features seven bedrooms and 8.5 baths, spanning 13,068 square feet over 8.9 acres (Pictures). According to marketing materials, the “legacy property” – listed at $29.5 million – sits on a man-made lake and features “panoramic views of all 4 of Aspen’s World Class ski resorts.”
That purchase fits nicely with Paulson’s evolving views of the property markets— Paulson & Co. has made big investments betting the housing market will rebound significantly.