Executives Say Rate Uncertainty Is Tightening Family-Office Real Estate Screens

Three investment executives described rate uncertainty as prompting some family-office investors to scrutinize real estate deals more closely, weighing discounted property prices and rent growth against debt and long commitments. Rob Haugen, who oversees private capital investments and mergers and acquisitions at Michels Family Office and serves as chief investment officer of River1 Asset Management, said he typically targets potential yield on cost in the high single digits or double digits. He pointed to discounted office properties with known tenants as one possible way to pursue those returns.

Source: TokenPost