Real Estate

Real Estate Deals May Be on the Upswing

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 Real Estate Projects Require Expert Management

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.

Real Estate: ‘An Incredibly Flexible Asset Class’

Seth Chadwell, president of Kibo Capital, highlights the unique advantages real estate offers family offices, including tax benefits, cash flow, and sentimental value, while emphasizing the importance of a qualified team to manage these assets. Kibo Capital’s integrated model, developed for a Tennessee-based family, aims to provide tailored real estate solutions to family offices, bridging the gap between outsourcing and building in-house teams.

Climate Risk and the Changing Property Insurance Market

Jason Ott, president of Aon Private Risk Management, highlights the growing impact of climate change on property insurance. Rising premiums, stricter roof-age requirements, and proactive measures like flood barriers, ember-resistant vents, and water protection systems are crucial to navigating increased risks from storms, wildfires, and floods while ensuring insurability.

Multifamily Housing: A Multigenerational Investment Opportunity for Family Offices?

What makes a good multifamily housing investment, and how can family offices determine if such an investment is a good fit? Sean Burton, CEO of Cityview, a real estate investment management and development firm based in Los Angeles, recommends focusing on markets where housing demand is outpacing supply. He also recommends patience.