Activist investor buys NY mansion

for record $147M

By Jennifer Gould Keil and Richard Johnson
May 3, 2014 | 11:38am
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Activist investor Barry Rosenstein has purchased the most expensive house in the country.Photo: Reuters; Hampton Pix
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CELEBRIY REAL E!AE
!am "ort#in$ton c#ec%s out &u'e !o(o )ad
*u+our CE, trades !out#am)ton #ome for a bi$$er )&ace
-ber.a$ent Ari Emanue& a)artment #unts in NYC
+on (amm com)&etin$ $/04M )ent#ouse u)$rade
An activist investor has just bought the most expensive residential property in the country.
Barry Rosenstein, hedge fund manager of Jana Partners, is paying $!" million for a property on exclusive #urther $ane.
%he &'acre beachfront property ( )ith formal gardens and a pond ( )as the dream house of *hristopher +. Bro)ne, managing
director of the %)eedy, Bro)ne *ompany investment firm, and his boyfriend, architect Andre) ,ordon.
Bro)ne died of a heart attac- at age ./ in a #lorida bar in 0ecember /112, leaving almost his entire estate to ,ordon, his partner of
1 years. ,ordon lived there until his death last fall.
But a do3en of Bro)ne4s relatives ( and his longtime chef ( challenged the )ill. ,ordon, )ho )as dying of cancer, made a
confidential settlement in 0ecember /1/ that allo)ed him to spend the rest of his life in the house.
5hen ,ordon died last 6eptember at the age of 7/, Bro)ne4s relatives immediately loo-ed to sell the property ( and didn4t use a
bro-er, to avoid paying commissions.
%op'notch bro-ers are furious that the deal )as done in secret and not on the open mar-et.
8%he trustees of the estate, one )ould thin-, have a fiduciary responsibility to get the top dollar, )hich )ould have happened on an
open mar-et,9 one bro-er fumed.
8%his )as an inside deal. %hey closed ran-s. :t )as all very hush'hush,9 the bro-er added.
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This house and property with the pond at center is at 60 Further Lane in East Hampton.Photo: Hampton Pix
Rosenstein )ill have Jerry 6einfeld, art dealer $arry ,agosian and hedge'fund manager Jim *hanos as neighbors.
;ntertainment mogul 0avid ,effen )as said to be one of the house hunters )ho loo-ed at the property before he signed a contract
to buy *ourtney 6ale Ross4 estate on ,eorgica Pond for $71 million.
%he $!" million sale of Bro)ne and ,ordon4s home brea-s the record set t)o )ee-s ago )hen the 71'acre *opper Beech #arm in
,reen)ich, *onn., sold for $/1 million.
%he deal also tops the $1< million Ron Baron paid in /11" for an undeveloped !1'acre parcel, also on #urther $ane, )here the
billionaire is building a /&,111's=uare'foot mansion.
1ILE* 2N*ERBARRY R,!EN!EIN, CELEBRIY REAL E!AE, EA! (AM3,N
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