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The Family Office Market Update

Richard Wilson joins us for this week’s podcast to discuss his insights and updates on the family office market. He also addresses how the family office applies to the real estate sandbox, and how real estate syndicators / sponsors can best approach investors.

The family office is a wealth management solution for those that are ultra-wealthy. The wealthier you are, the more a 1% or 3% mistake — selling assets at the wrong time, tax mistakes, regulatory fines, paying too much in fees, etc. — can add up to a lot of money. That’s why many wealthy individuals/families are willing to pay a full-time team to help prevent those types of mistakes and reduce chaos and stress as well as to help them more effectively use their time.

SHOW NOTES TIMELINE

[01:13] Opening remarks by Eric Odum and Steven Silverman

[04:33]: Introduction to Richard Wilson
[05:14] What is a family office?
[08:16] Have there been any significant changes in the family office?
[10:22] What kind of deals are your family offices working on?
[12:23] How does family office apply to the real estate sandbox?
[14:56] What kinds of deals would a syndicator have a crack at doing?
[20:30] How can real estate syndicators best approach investors?
[27:11] How do you make yourself look credible when meeting with investors?
[33:26] How can PitchDecks.com help a syndicator put a deal together?
[42:33] How can people learn more about the services / events Richard offers?

About Our Guest

Richard Wilson is CEO of the Family Office Club which is a private club with 1,750 registered investors, around 900 monthly subscribers, and hosts 25 live events a year.

Richard has written the #1 best selling book on family offices and capital raising, and he advises $100M+ net worth clients through his CentiMillionaire Advisors, LLC firm.

Richard is a returning guest from 3 years ago on episode 76.

Investor Resources

A free, best-selling 80-page book by Richard on how to raise capital can be found at capitalraising.com (you can also purchase this on Amazon).
Another book written by Richard, The Headaches of $100M+ Families, can be found at http://centimillionaires.com
Anyone new to the family office space or who is interested to see what events we Richard has scheduled or how charter membership works / family office club works, or to download a free book on Family Offices, can go to familyoffices.com

Market Update on Multifamily & Other Asset Classes

David Beshears has been involved in the commercial real estate industry for over 30 years and shares some great perspectives on the four asset classes of commercial real estate, with a focus on the multifamily market.

David breaks up his discussion into the following four areas:

Florida population growth projections with focus on I-4 Corridor

Industrial market

Retail and office market (with a quick discussion on self storage)

Multifamily market

Join us for this episode to learn why David sees a positive outlook for those interested in investing in the multifamily market.

“I think we are going to continue to see a tremendous demand for apartments and multifamily housing.”

– David Beshears

About Our Guest

David Beshears has been involved in the commercial real estate industry for over 30 years. He started Beshears & Associates, a commercial real estate valuation practice, in 1994.

Over the past 25 years, his firm has appraised over 10,000 commercial properties throughout Florida and the United States.

He’s a member of the Appraisal Institute, and a member of the Royal Institute of Chartered Surveyors. He’s also a licensed real estate broker, and a Florida State-Certified General Appraiser in Florida, Georgia, and Alabama.