Why most family offices get multi-family real estate wrong
By Brian DeLucia
There continues to be a lot of investor pitches around multi-family real estate to the family office community.
Through our own experience within land and building development, we can spot the few elite multi-family developers among the masses contacting other families within our circles.
The masses offer nothing real compelling and in fact can put family offices into risky positions.
What separates the few into elite status that generate a blend of venture-like economics and the risk protection that sophisticated family offices demand?
It begins with site selection.
And most importantly, it is driven by controlling your budget.