MutualFundWire.com: AMG CEO's Latest Acquisition is a $17 Million Mansion

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Monday, February 28, 2011

AMG CEO's Latest Acquisition is a $17 Million Mansion

As CEO of Affiliated Managers Group, Sean Healey is regularly in the news for his deals to buy asset management firms. Last week, Healey made the news again, this time for a real estate deal.

Sean Healey
Affiliated Managers Group
President and CEO

Healey purchased a a 9,775-square-foot oceanfront mansion in Palm Beach for $17.05 million, the Palm Beach Daily News reports. The article was also picked up by the Boston Herald.

The mansion had been listed at just under $22 million, "meaning Sean got a deal," writes the Herald.

Healey bought the property from Milan Associates, which purchased the mansion in 2005 at a court-ordered bankruptcy auction. At the time, the mansion belonged to former WorldCom chairman John Porter.

Printed from: MFWire.com/story.asp?s=36141

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