Fortune’s Roy Johnson illuminates the post-football life of Emmitt Smith in a way that only uses agonizing football metaphors in the first several paragraphs, but continues to gently massage Smith’s loins throughout. Smith teamed up in May of 2005 with ex-Cowboy Roger Staubach to form SmithCypress Partners LP, a $50mm JV with Cypress Equities focused on real estate development.
Smith is current president of the JV and is ‘actively engaged in day-to-day business.’ We know this because Smith drives his extremely humble giant Cowboy-Silver Hummer around the Dallas metropolitan area and ‘typically arrives in his office before 9 A.M.’
To preface Smith’s move to real estate, Johnson notes:
Smith's interest in real estate began during his days in Pop Warner football in Pensacola, when he sometimes stayed at the home of his coach the night before a game. The 3,500-square-foot house was no mansion, but it was enough to impress a young man who lived in a public housing project, the Courts, with his mother and four siblings.
Smith liked big houses when he was a kid. Well, I'm ready to invest! That’s like saying Smith’s interest in football began when his dad fumbled him down the stairs when he was a newborn.
Also, according to the article, Smith had to put his dreams of being an architect and taking real college classes on hold to set several University of Florida rushing records and win 3 Super Bowls in the NFL, making millions in the process. His major - quantum physics public recreation (that’s not a joke, but remember he was “this close” to the whole architecture thing).
We’ll see how the returns look for SmithCypress, but I wouldn’t bet on Smith unless Charles Haley, Tony Tolbert, Leon Lett and Russell Maryland start up funds to clear a market for him.
Emmitt Smith: Cowboy, dancer, real estate tycoon – [Fortune via CNNMoney]