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The Weekly Take from CBRE

We Are Family: Private capital funding and family offices

Jan 27, 2025
Boryana Zamanoff, a Senior Wealth Strategist at BNY Mellon, expert in capital deployment, joins CBRE's Zaahir Syed, Managing Director and co-head of real estate for private funds, along with Compie Newman, Executive Director focused on family offices. They dive into accessing the vast but elusive capital from high-net-worth individuals and family offices. Topics include the importance of trusted relationships, evolving investment strategies in current market conditions, and the next generation's impact on investment preferences, emphasizing flexibility and sustainability.
41:38

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Quick takeaways

  • Building trusted relationships with advisors of family offices is essential for accessing their significant capital for real estate investments.
  • High-net-worth individuals are increasingly focused on direct investments and sectors like data centers, reflecting evolving investment preferences and market challenges.

Deep dives

Understanding Family Offices

Family offices serve as private wealth management advisory firms, primarily established to centralize and manage a family's wealth in a tax-efficient manner. These entities can be structured as partnerships or LLCs, focusing on personalized investment services for families or family groups. They are increasingly used by high net worth individuals to preserve and grow wealth across generations, often investing significant portions of their portfolios in alternative assets, including real estate. The scale of capital managed by such family offices is substantial, with trillions of dollars available worldwide, making them a significant player in the real estate investment landscape.

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