Hard Assets, Black Art and Thinking Like a CEO: How Grant Hill Built His Post-NBA Business Empire

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Basketball Hall of Famer Grant Hill spoke with CNBC to discuss his brand deal with Philips, real estate and sports ownership.

Hill said he first became"paranoid about money and about losing money" after watching athletes struggle with money after their careers ended. Hill's father – former Dallas Cowboys running back Calvin Hill – played in the NFL from 1969 through 1981, so he saw some players deal with financial woes up-close.

Hill praised his parents for developing an interest in the sector. He recalled entering the space in 2000, during his time with the Magic. Hill invested in multi-family units and office space buildings in central Florida, a region he described as"prime for growth, and has been growing tremendously since that time."

In his latest venture, Hill joined commercial real estate investment firm CIM Group to invest in Centennial Yards, a $5 billion mixed-use development in Atlanta. Hill said the downtown project would take seven to 10 years to complete. he compared it to L.A. Live, an entertainment and residential development outside Crypto.com Arena in Los Angeles.Hill is one of the many athletes to profit from real estate investing post-career.

 

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When I worked at United Center, I once helped him find our ATM near the arena box office!

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