Jared Ross was quoted in an article, "Ultra-Rich Scout Direct Real Estate Investments," published by Banker & Tradesman. The article discusses the trend of family offices as a growing source of capital for real estate investment in Greater Boston and other metro areas with strong real estate markets. Family offices can take various structures, either hiring in-house attorneys and accountants, using outside financial and other advisers, or a combination of the two. In the article, Ross discussed how family offices can offer savings from hedge funds' and private equities' management and performance fee structure depending on the amount of assets under management. The benefits escalate with the size of the family fortune, Ross told Banker & Tradesman. "It may cost a couple of million [dollars] annually to set up, depending upon the number of employees, to pay for the overhead," Ross said. "If you have $1 billion in liquid assets and you're paying a percentage, it's going to be a lot more than the overhead of a family office."
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
Day Pitney Generations Newsletter
On April 10, Day Pitney Family Office practice chair R. Scott Beach was a panelist Botoff Consulting's Family Governance Compensation Report webcast alongside Dennis Jaffe (BanyanGlobal Family Business Advisors) and Trish Botoff.
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Gothamist article "Court Tells Wealthy NJ Town: We'll Decide Where You'll Put Affordable Housing."
Day Pitney Press Release
Day Pitney Real Estate, Environmental and Land Use Partner Steven Wernick is featured in the Miami Herald article "The End of Single-Family-Only Home Suburbs? Miami-Dade Zoning Rule Impact Could Be 'Sweeping'."
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