Family Offices Becoming More Aggressive Players in Real Estate Arena
Jonathan Adelsberg was quoted in S&P Global Market Intelligence discussing recent trends in family office real estate investing. Family offices have become increasingly aggressive in the competition for real estate deals on behalf of wealthy clients. The spike in proactivity is attributed to attractively priced assets becoming harder to find and the number of beneficiaries increasing. Jonathan said his clients are pursuing more development deals, as well as preferred equity and mezzanine positions. The goal, in whatever they do, is about long-term growth, rather than immediate gains. "To a great extent, family offices have the opportunity, because they tend to have a lot of cash. "In my mind, there's going to be a tremendous amount of opportunities for high-net-worth individuals to capitalize on real estate changes and shifts in the market."