As stock markets plummeted earlier this year, legendary financier Adam Levinson said he planned to hedge against inflation by investing in developed-market bonds in an “anti-portfolio.” Those bearish bets go starkly against conventional market wisdom of the past decade, when American technology stocks outperformed almost everything else to create vast and easy wealth for many people.
Levinson appears to remain bullish on luxury real estate in the U.S. Graticule Asset Management’s founder and Brittany have paid more than $58.5 million for an estate in Los Angeles, the city’s fourth-biggest deal.
Located in the ultra-affluent East Gate Bel Air neighborhood, Levinson’s new digs are surrounded by some of California’s most expensive homes. In 2016, Robert Shapiro, a real estate developer, acquired the property as vacant land for .2 million as vacant land for the Woodbridge Group, a now-defunct $1.2 billion Ponzi scheme. Even though Woodbridge went bankrupt in 2017, the process of liquidating its vast holdings has taken years; this house is one of the last assets to be sold.
In collaboration with Plus Development and BULLI design-build firms, Viewpoint Collection developed the vacant lot on behalf of Woodbridge’s creditors. Levinson never had a chance to list the house until he bought it. It was marketed as a $75 million pocket listing.
In 2019, Levinson spent nearly $40 million on a vacant estate lot in Bel Air that remains vacant to this day. He was then paid exactly $20 million by Tom Ford to buy the designer’s longtime Bel Air home, the Brown-Sidney, a modernist structure designed by Richard Neutra. With his new $58 million home, Levinson’s Bel Air portfolio is worth 6 million.
His latest purchase, which spans approximately 30,000 square feet, is comprised of a three-story main house and guesthouse. In all, there are 9 bedrooms and 15 bathrooms, plus two separate garages with space for a dozen (or more) cars. The space is wrapped in swoopy architecture made of glass, steel, and exotic stone.
As the mansion’s finishing touches are being applied, it has been marketed with digital renderings rather than real-life photographs, and further details are scarce. In addition to the infinity-edged swimming pool, the house has lush gardens with palm trees, bougainvilleas, and formal manicured hedges that overlook spectacular views of the city. Walls of glass overlook spectacular views of the city.
Born and raised in Detroit, Levinson, 51, worked for Goldman Sachs for ten years. He left Goldman in 2002 to join Fortress Investment Group, where he became known as a superstar trader. As a result of Fortress’ Asia arm becoming Graticule, it has managed $3 billion in assets. Besides his three Bel Air properties, Levinson owns homes in Singapore and Tokyo, as well as an oceanfront estate in the Hamptons.
