Private Equity

Hedge Funder Buys Apogee Condo In South Beach For $14M

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A managing partner of a New York-based hedge fund bought a condo at Apogee in Miami Beach for $13.7 million. Records show Jeffrey L. Gates and his husband, Richard Michael Moran, bought unit 1501 at 800 South Pointe Drive from Ramiro Garza. Gates founded Gates Capital Management in 1996, and is a managing partner and a member of the investment committee, according to the firm’s website. Moran is a real estate agent at Douglas Elliman, focusing on New York City and the Hamptons, according to the brokerage’s website. Garza listed the unit in August for $14 million.

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