By Jordan Pandy
Courtesy of TheRealDeal
A managing director at BlackRock paid $7.3 million for a waterfront property in Jupiter‘s Admirals Cove neighborhood.
Records show 197 Spyglass LLC, a Delaware corporation that lists the New Jersey address of Rick Rieder, bought the home at 197 Spyglass Court from Justin and Robin Thorn Daniels. The sellers flipped the house in three months for a 12 percent profit.
Rieder joined New York-based BlackRock, an investment management company that has managed $8.7 trillion in assets, in 2009.
The Daniels couple, who own and operate the Jupiter-based real estate and investment holding company, Daniels Holdings, bought the home for $6.5 million in November. They listed the property this month for $7.8…
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