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The mansion was subsequently listed for sale and sold in 2012 for $4.5 million to a holding company named Blairsden Hall, LLC. [10] Local officials identified the new owner as T. Eric Galloway, a New York developer and president of the Galvan Foundation and the Lantern Organization. [4]
Galloway Township is a township in Atlantic County, in the U.S. state of New Jersey, and a growing edge city to neighboring Atlantic City. At 114.49 square miles (296.5 km 2 ) of total area of land and water, Galloway Township is the largest municipality in the state.
Galloway described real estate as “the most tax-advantaged” investment you can make in the U.S. “There are very few asset classes you can lever up four-to-one,” he said. “A 20% downpayment?
Leeds Point (also known as Leeds) is an unincorporated community and census-designated place (CDP) [6] located within Galloway Township, Atlantic County, in the U.S. state of New Jersey. [7] It is situated on the end of a promontory raised about 30-50 ft above the salt marsh on the south side of Great Bay . [ 8 ]
By Galloway’s own admission, getting rich — losing it — and getting rich again didn’t have a lot to do with him. For better and worse, it had to do with the market. And, in hindsight, it ...
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