We asked Michael Osherovitz, FTI’s new head of its private client tax group, about the biggest issues facing HNW investors and family offices who have real estate holdings.
A group of property funds for institutional investors ended last year with $20 billion in withdrawal requests, the biggest waiting line since the Great Recession, according to IDR Investment Management, which tracks an index of the open-end diversified core equity funds.
The city set a market value of about $1.48 trillion for residential and commercial properties and utilities for the fiscal year beginning in July, according to a tentative assessment roll released by the Department of Finance on Tuesday. Citywide assessed values, which determine the value of property for tax purposes, are projected to rise 4.4% to $286.8 billion.
Commercial Observer looks at why proptech VCs view multifamily as the most attractive sector to focus on right now. In 2022, China has experienced its first drop in real estate investment in more than 20 years, reports Reuters. These are among today’s must reads from around the commercial real estate industry.
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