A real estate broker’s take on the #MLS expansion
Real estate broker John P. Reaves says MLS teams are a “game changer” for MLS expansion teams.
“They are going to be an absolute game changer for MLS,” Reaves told The Associated Press in an interview.
The league’s expansion committee approved the $500 million deal in December, a milestone Reaves said he expected would help MLS attract more investors.
Reaving, who owns Reaves Real Estate, says the MLS expansion plan is a major development for the local real estate industry.
“I’m really pleased to have the opportunity to help bring this great league back to us,” Reave said.
“The teams are going places that are not possible in the past.”
Reaves, who says he owns a “full portfolio” of MLS-branded properties in the Philadelphia area, said he expects MLS to expand to at least 18 markets by 2022.
Reales, who is also a real estate agent with the local REI company, said the league’s first team will play at its new stadium, which will open in 2018.
He said he’s hoping the MLS Cup Final will be the last time the league plays at the stadium.
“We’re not going to wait another four or five years,” Reares said.
Reave is a member of the MLS ownership group.
He and his brother, Kevin Reaves Jr., are the co-owners of the Philadelphia 76ers.
“What we’re seeing is that there’s a real appetite for MLS, and I think this is a great time to get into the game,” Reaver said.