Milei’s Sister and her Businesses in Miami
Karina Milei, sister of national representative Javier Milei, was at the head of a company in Miami, Florida, called Alkary Investments LLC. This company, created in 2015, was the financial vehicle for the acquisition of luxury properties in the American city.
Karina, along with her parents, Norberto and Alicia, acquired four luxury apartments in Miami between 2018 and 2019. These properties, located in exclusive condominiums, had an estimated value of 2.7 million dollars.
The Milei family’s foray into the American real estate market coincided with the launch of Javier Milei’s political career.
Financial Problems and Forced Sales
However, the Milei’s financial picture took an unexpected turn when the COVID-19 pandemic hit the world. Rental income declined sharply, leading Alkary Investments to default on mortgage payments.
This gave rise to lawsuits against the company and Norberto Milei. To avoid foreclosure, the Mileis were forced to sell the properties for less than their purchase value, resulting in a loss of approximately $400,000.
Declared Assets and Discrepancies
Despite her real estate investments in the United States, Karina Milei declared a net worth of just 1.7 million pesos before the Anti-Corruption Office, which made her the official with the most austere net worth in the Argentine Cabinet.
This discrepancy between the properties declared and those acquired in the United States has raised doubts about the veracity of the information presented by Karina Milei.
The Milei Family Businesses
Before her foray into the United States, Karina Milei held various roles in family businesses registered in Argentina. Her father, Norberto Milei, was president of several transportation and agricultural companies.
Norberto Milei was also involved in bus transportation, a sector that received significant state subsidies over the past decades.
Relationship with Javier Milei and the Real Estate Agent
Unlike her brother Javier, Karina Milei maintained a closer relationship with her parents. The bond between Javier and his parents had been broken for years, but was reestablished in the months before the pandemic.
In real estate investments in the United States, Karina Milei had the collaboration of Javier Guezikaraian, an Argentine real estate agent residing in Florida. Guezikaraian and Karina met during their university studies and have maintained a friendship for more than 30 years.
The Role of Guezikaraian and Other Companies
Guezikaraian not only acted as a real estate agent for the Mileis, but was also a manager of Alkary Investments until its dissolution in 2023. In addition to Alkary, the partnership was also involved in other companies, such as Alkanor Investments LLC and Piguez Wholesales Group LLC.
However, these companies do not appear to have been related to the Milei’s real estate activities.
Debt History of Norberto Milei
Norberto Milei has had a history of non-payment in Argentina. He was convicted of tax evasion in relation to his company Teniente General Roca SA.
In the United States, Alkary Investments also defaulted on mortgages, leading to lawsuits and the risk of foreclosure.
Conclusion
The Milei family’s foray into the American real estate market was a financial journey full of ups and downs. Initial investments in luxury properties were affected by the pandemic and financial problems, forcing the forced sale of properties at a loss.
The discrepancies between Karina Milei’s declared assets and her real estate investments raise questions about the transparency and veracity of financial information provided by public officials.
Javier Guezikaraian’s role as real estate agent and manager of Alkary Investments also highlights the importance of personal and professional connections in real estate transactions.