Family Offices Invest $100M in Northern California Real Estate Amid High Rates

Family offices have invested approximately $100 million in Northern California real estate over the past six months, capitalizing on reduced prices as the broader market experiences a slowdown. Travis King, CEO of Realm, noted a specific purchase of an office property in San Francisco for about 21% of its last trading price. Additionally, Declaration Partners raised $303 million in October for its second real estate fund and recently secured a $50.1 million master lease in New York City's SoHo. These moves indicate a strategic shift among ultra-wealthy investors, who are taking advantage of perceived low valuations during uncertain economic times.