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        <title><![CDATA[Here&#8217;s how Jeezy&#8217;s real estate investments really stack up]]></title>
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            <media:title type="html">Here&#8217;s how Jeezy&#8217;s real estate investments really stack up</media:title>
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						<p>Thursday night&#8217;s Verzuz battle between Southern hip-hop legends <strong>Gucci Mane</strong> and <strong>Jeezy</strong>, which seemed to settle 15 years of beef between the two rappers, took an unexpected turn when the topic of real estate emerged.</p>
<p>The <strong>viral, musical battle webcast</strong>, which netted nearly 2 million viewers, included Gucci, 40, giving jabs on Jeezy&#8217;s outfit &#8212; including a remark on how the two should host a jewelry Verzuz in the next broadcast.</p>
<p>But Jeezy, 43, responded that the two should focus on wiser investments, such as property, adding that he&#8217;s got a ton of real estate and &#8220;owns over half of Atlanta.&#8221;</p>
<p>Jeezy, whose net worth was estimated by Forbes in 2013 at <strong>$6 million</strong> and more recently at <strong>$10 million</strong> from the far less official Celebrity Net Worth website, <strong>quickly became the subject of Twitter memes</strong> created from the seemingly old-man exchange. They begged the question as to whether he indeed owns half of the city&#8217;s real estate.</p>
<p>In short, no. But Jeezy&#8217;s real-estate investments are nothing to sniff at and have attracted headlines over the past several years.</p>
<p>Back in 2007, Jeezy &#8212; also known as &#8220;The Snowman&#8221; and his legal name Jay Wayne Jenkins &#8212; <strong>purchased a two-story penthouse</strong> at the Phoenix on Peachtree condo complex for $1.32 milllion. The 3,140-square-foot spread gave him three bedrooms and four bathrooms &#8212; as well as floor-to-ceiling windows and a massive custom closet that housed his many pairs of shoes. In 2013, he listed the condo for a loss at $1.1 million, <strong>ultimately selling it for $950,000</strong> in 2014.</p>
<p>In later years, he was more lucky with his real-estate holdings.</p>
<p>In 2015, according to TMZ, Jeezy <strong>spent $1.5 million</strong> on a 9,000-square-foot home outside of Atlanta &#8212; just a month before he had weapons charges against him dismissed in connection with a fatal shooting at a Wiz Khalifa concert in 2014. This home, which sits on a 1.2-acre lot, has six bedrooms and seven bathrooms.</p>
<p>In 2016, he notched another real-estate win. <strong>He snagged a three-story home</strong> near the campus of Georgia Tech for $685,750. Specifically, also per TMZ, the pad was a revamped foreclosure, and Jeezy got it for $45,000 below its asking price. This pad has three bedrooms, indoor and outdoor fireplaces, a two-car garage and a roof deck accessible via an elevator that looks out to city views.</p>
<p>Jeezy converted that three-story property into a studio compound. As mentioned in a 2017 feature in Coveteur, <strong>it spread across three buildings</strong>, which he called &#8220;The Embassy.&#8221; Features there include studios, a game room, a barbershop and an office. And, yes, that roof terrace, with an outdoor television and lounge furniture.</p>
<p>“I wanted to create something that was boutique-style, to fit your every need from health, to being comfortable, to being able to get everything done in one space,&#8221; he told the publication. &#8220;When you’re here, you got the whole space. You’re able to get everything done, eat upstairs with the chef, if you need to go somewhere there’s a driver, you can get haircuts in the barbershop, there’s a gym. If you need to get away for a minute, there’s a rooftop cigar lounge upstairs.”</p>
			
					
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                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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