Family Offices Have Dry Powder Ready to Deploy on Real Assets
Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.
Beth Mattson-Teig | Apr 03, 2023
It’s no surprise that family offices are approaching all new investments with greater caution amid recent market volatility. At the same time, many families are holding onto cash that they are looking to put to work. They may target real assets in the coming years with real estate remaining one attractive target for that capital.
“Real estate has always been a solid investment during inflationary times, and it can have tax advantages while also producing current cash flow. All three of those components are especially compelling in the economic times that we face today,” says Alex Bhathal, executive chairman and managing partner of Revitate, an investment firm backed by the Bhathal family investment office, RAJ Capital, invests primarily on behalf of high-net-worth individuals, RIAs and other family offices. Revitate plans to continue to deploy capital in 2023 across its two main strategies, opportunity zone investments and multifamily acquisitions.