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Family offices are becoming a burgeoning industry in terms of real estate investment and financing. Wealthy families are increasingly looking towards commercial real estate as a stable, generating market to channel and secure funds. Florida real estate markets are poised to receive family office investments and financing, but there is one problem: how can an investor find family offices?
Richard Wilson is founder and CEO of Miami Family Office, a $500 million AUM single family office. Through his company, Wilson Holding Company, Richard also oversees and advises on several other family office business enterprises including Billionaire Family Office and the membership-driven Family Office Club. Through his companies, Richard owns, manages, markets and facilitates family offices. This episode Richard discusses how commercial real estate investors can access family offices as a source for deals and financing.
- Network and market towards family offices
- Networking through social media
- Narrow search: source for certain deal-types
- Compile list of family offices in your area, find out what propoerty-types they are investing in
- Actionable Investments
- Family offices look for credible, practical deals as investments
- Most family offices like to invest locally
- Good cap rates: properties earning 15-17% IRR
- Family offices looking for investors
- Put out property mandate alerts for certain desired investments
- Will reach out directly to investors
If you think you have an actionable family office investment deal, contact Richard at richard@familyoffices.com
To find out more about Richard’s family office portfolios, visit www.miamifamilyoffices.com or www.detroitfamilyoffices.com and check out Richard’s family office webinars. Richard also hosts a informational podcast about family offices. Visit familyofficepodcast.com for past shows and to stay up-to-date.
Richard’s book, The Single Family Office: Creating Operating and Managing the Investments of a Single Family Office, is a best-seller in the family office industry and the key for investors wanting to find out more about the market. You can find his book on Amazon!