Real Estate

Is your family interested in deploying more capital toward real estate investments? If so, the first nine months of 2025 have offered several highly varied examples of what that could look like, from large-scale hospitality portfolio sales to multifamily community investments and distressed office acquisitions.

U.S. family offices’ interest in real estate investments — which had declined in the late 2010s as offices looked to diversify their investments — is picking up again, especially when it comes to multifamily and industrial real estate.

Rental properties can be good investments, but operational challenges may make some family offices shy away. Mike Hills is vice president of capital markets at Atlas Real Estate, which partners with family offices to invest in the build-to-rent (BTR) and single-family rental (SFR) market in 14 states. He talks about the benefits and challenges of this type of real estate investment.

There are signs of life in the family office real estate deal market, according to PwC’s Global Family Office Deals Study 2024. The study found that both the volume and the value of family office real estate deals peaked at the end of 2021. And although volume has remained flat, deal values have started trending up again, which could signal a recovery.

Custom residential construction projects for wealthy families and family offices require expert management to navigate complexities such as due diligence, budgeting, and coordination among architects, contractors, and other stakeholders.