The Obamas just purchased a Martha’s Vineyard Mansion for $11.75 Million

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t’s no secret that Michelle and Barack Obama enjoy spending down time at Martha’s Vineyard, a quaint Massachusetts island that everyone from the Kennedys to the Clintons has visited. It’s been an annual vacation destination for for the Obama family since their time in the White House, but now they’re putting down roots with the purchase of a gorgeous mansion that they rented over the summer.

According to People, the 6,892-square-foot Martha’s Vineyard estate was sold on Wednesday for $11.75 million to a trust. James F. Reynolds, a longtime friend of Barack Obama who also served as a member of his national finance committee during the 2008 presidential election, is named as a trustee on the deed.

The Obamas reportedly purchased the property from Wycliffe Grousbeck, owner of the Boston Celtics, and his ex-wife, Corinne Basler Grousbeck, who bought the home in 1998. The property has been on the market since 2015.

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THE OBAMAS’ NEW PROPERTY ON MARTHA’S VINEYARD.

-Townandcountrymag

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ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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