Meet Marquise Brown; he is an NFL player with the Kansas City Chiefs who is turning his attention to the real estate industry. His goal is simple. He is hoping to lead the way for NFL players to achieve generational wealth.
And his decision was partly influenced by how quickly some NFL players go broke after retiring from the game.
“I owe it to the game,” the 2019 first-round draft pick told Bisnow. “I want to be a guy to do this now. Not just for my family, but to try to change a stigma in the NFL. I don’t want to see the storylines of guys going broke or bankrupt.”
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Also, his move into the real estate sector was influenced by his wife, who is a guru in the field.
“My wife was into real estate before she met me. When she met me, she saw the ongoing problems athletes had, and I went through several financial advisers. I wanted to take the reins of my future, and she helped me out so much,” Brown told Bisnow.
In this regard, he co-founded a private equity real estate firm called Platinum Pro Capital, which specializes in luxury real estate investments in coastal communities. The firm is a merger between Island Sky Investments and Brown’s private equity firm, MZ Investments.
“My wife Zoei’s mom, Jennifer, she’s a partner, and she and Jason Caraway grew up together. Jason’s company, Island Sky Investments, has a long history of acquiring resort real estate properties. We merged together with our vision of helping athletes build generational wealth. We created this partnership, and since then we’ve just been trying to get it out there and get it in front of as many players as possible. Real estate is starting to become really fun for me, and it’s exciting just sharing it with other guys,” Brown said.
So far, the company has invested in the 10-unit Island Sky St. John Residence Club in the U.S. Virgin Islands and the Island Sky Beach Club Grand Bahama luxury condo development in the Bahamas.
The launch of his company came after he signed a one-year deal worth up to $11 million with the Chiefs this offseason. The NFL player stressed that even though his main goal remains football, real estate is also profitable.
“This is something that is also very beneficial, that at any time in the offseason, I can go look at it, I can go see what’s going on, and you can still be hands-on. That was just something that attracted me and attracted a lot of other people as well,” he noted.
“I owe it to the game. I got pulled aside by so many retired NFL legends talking to me about what they should have done differently, what they wish they did. With me being in the league, I don’t want to be a guy to do this when I’m done. I want to be a guy to do this now. Not just for my family, but to try to change a stigma in the NFL.”
“I don’t want to see the storylines of guys going broke or bankrupt,” said Brown, who mentioned two months ago that he hopes other players in the league will invest in his company’s first fund, Platinum Pro Fund 1.
