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.
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