Real Estate

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.

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.

The Mathile family, former owners of the Iams pet food company, is exploring real estate as their next investment chapter, considering it for its long-term growth, tax incentives, community impact, and family engagement benefits. Through their family office, CYMI Holdings, they are assessing the creation of a diversified real estate platform, with initial steps including partnerships in multifamily residential and commercial real estate developments.

“Interest rates are the main story for real estate. If you can get a risk-free return at 5% and you’re buying real estate at a 5% return, why would you take the risk?”

Direct investments in fully-owned physical real estate are the most popular form of real estate investment for family offices, accounting for 59% of investments by those with real estate investments in 2022.