Yesterday I wrote about how investors are jumping back into real estate. But it’s not just everyday folks like you and me. The big money is pouring in, too.
Did you ever hear of Tiger 21? It’s an investment group made up of entrepreneurs, CEOs, inventors and top executives with backgrounds in financial services, real estate, industrial and consumer goods, legal services, entertainment and medicine. In other words, they’re a pretty bright group of guys and gals with deep pockets.
The more than 300 members collectively manage about $30 billion in assets. And last week, Tiger 21 reported that members’ real estate allocation increased to 30%, up one percent from the first quarter. That’s a new high for the asset class and a big leap from 22% a year earlier.
By the way, if you’d like to join Tiger 21, the annual membership fee is $30,000.