CRYSTAL LOFING, REAL ESTATE PARTNER
“Family offices are continuing to actively allocate substantial funds to real estate as a core component of their overall investment strategy. There is continued preference for multi-family and industrial projects and increasing interest in discounted office product with a value-add opportunity. Family office investments tend to provide opportunities for the owner to increase the value of the project, with an anticipated investment duration of three to five or so years for existing product, or several years for a ground-up development project.”
ALAIN R'BIBO, REAL ESTATE PARTNER
“At this stage in the cycle, family offices are pressing their advantage in the form of lots of dry powder, long investment horizons, and limited bureaucracy to quickly seize market opportunities. They are sector agnostic and more sophisticated than ever, with a higher risk tolerance than their institutional counterparts in the market.”
TIMOTHY KELLY, REAL ESTATE ASSOCIATE
“The family offices I work with are trying to leverage their sector-specific knowledge and expertise with the relationships they have developed over the last cycle. With greater negotiating leverage now, they are also increasing their level of discretion and control in joint ventures, attempting to lower fees, and tightening the timing on the deployment of their funds.”
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