Brazilian Billionaire Joseph Safra Reportedly Buyer Of Lincoln Road Property

Joseph Safra is said to control the company that paid a record-breaking $34.5 million for the American Apparel building on Lincoln Road, according to the DBR.

JSRE Acquisitions, LLC, reportedly linked to Safra, is listed as the new managing owner of the property.

Safra is the second-richest man in Brazil, according to Forbes. Safra National Bank (also controlled by Joseph Safra) recently filed plans to open at 1221 Brickell Avenue, the bank’s second location in Miami. The bank’s other U.S. offices are located in Aventura and New York.