What property investors can learn from big family offices
While they usually have a mix of real estate assets, they’re also trying to generate returns that are 3 per cent or 4 per cent higher than the benchmarks.
When John D Rockefeller founded the world’s first family office in 1882 to manage his enormous oil fortune, he put much of his capital into real estate.
In the 140 years that followed, many other wealthy families have made the same decisions, seeing property as a safe way to achieve long-term wealth generation.
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Sam Tamblyn is founder and managing director of Urban Property Australia.
