Good income prospects attract family offices to real estate debt, writes Lauren Parr
Designed to preserve wealth, family offices are notoriously hard to get information on. But their love of direct property is well known, and now, says the founder of one oil wealth-backed lending business, their real estate debt allocations are also growing.
“Family offices generally look at real estate debt as an asset class in its own right,” he says. “Real estate debt allocations have grown among family offices and the larger private banking groups that service them. This is coming through fund allocations, managed accounts, syndications, or, for some larger family offices, directly.”