A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
The family offices of high-net-worth investors are increasingly pouring their money into alternatives, and real estate is high on their list. For some, instead of going it alone, they’re joining forces in multifamily offices.
The multifamily office model lets these investment arms of wealthy families pool resources, share expertise and unlock bigger deals. With more than $12 billion under management, Realm is a multifamily office investment platform specializing in commercial real estate. The typical family using Realm has about $200 million in investable assets.
CNBC spoke with its CEO, Travis King. Here are some highlights from the conversation, edited for length and clarity:
Travis King: We are better investors collectively than we would be individually. So what that means is we’re combining not only capital, but also our collective trusted relationships and industry knowledge and geographic knowledge to find and execute better investment decisions.
