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5 Family Offices Investing in Multifamily Residential Properties

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Family offices have increasingly focused on real estate, drawn by the sector's potential for steady long-term returns and portfolio diversification. Leveraging FINTRX - the premier family office and RIA database for asset-raisers - we spotlight five prominent family offices directly investing in multifamily residential properties. Their strategic approaches and investment rationales showcase how these offices combine financial prowess with a sharp eye for emerging residential real estate prospects, from urban apartment complexes to suburban housing developments. 


1. Granite Park Capital (Menowitz Family Office)

Granite Park Capital is the real estate private equity arm of the Menowitz Family office, a Los Angeles-based single family office established in 2020 to manage the family's wealth originating from pioneering New York City real estate developer Harold Menowitz. Carrying forward his visionary legacy, Granite Park strategically invests in and enhances the value of affordable and workforce housing properties, primarily in the Southeast, Midwest and Pacific U.S. regions. The firm targets acquisitions of 100+ unit properties worth $5-30M+ with 95%+ occupancy and up to 75% loan-to-value ratios, focusing on low-income housing tax credits, Section 42/8, HAP/HUD, and workforce housing. Through its decades of real estate experience across residential and commercial holdings, Granite Park offers qualified investors access to lucrative yet socially impactful multifamily investments while preserving the Menowitz family's financial legacy.

Quick Hitters:

- Headquarters: Los Angeles, CA
- Estimated AUM: $1.5B - $5B
- Total Multifamily Residential Property Investments Tracked: 17 
- Most Active Investment Region: North America
- Most Active Investment State: California 
- Asset Class Focus: Real Estate; Debt; Private Equity; Direct Investments

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2. Windancer Holdings (Larry Connor Family Office)

Windancer Holdings is a single family office established in 2020 to invest and manage the wealth of Larry Connor and his family. Connor is an accomplished entrepreneur and real estate investor, having founded and grown The Connor Group into a nationally renowned firm owning over $3.5 billion in luxury apartment assets across 16 U.S. markets. In addition to his professional success, Connor is dedicated to philanthropic causes through The Connor Group Kids & Community Partners. Windancer Holdings takes a global, high-conviction approach to investing across asset classes like public/private equity, real estate, and direct investments, primarily in North America. With patient capital and flexible time horizons, the firm evaluates new opportunities unconstrained by asset class, employing an opportunistic yet disciplined investment strategy that has underpinned Connor's wealth creation over decades as a real estate visionary and community leader.

Quick Hitters:

- Headquarters: Miamisburg, OH
- Estimated AUM: $2B - $5B
- Total Multifamily Residential Property Investments Tracked: 5
- Most Active Investment Region: North America
- Most Active Investment State: Minnesota
- Average Property Value: $85.83 Million
- Asset Class Focus: Real Estate; Direct Investments; Private Equity

 View FINTRX Profile >>

 

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3. Zaka Investments (Pierre Bastid Family Office) 

Zaka Investments is a Paris-based single family office established in 2012 to invest and manage the wealth of entrepreneur Pierre Bastid and his family. Bastid amassed his fortune leading international businesses like Schneider Electric and Converteam Group, which he sold to GE for $3.2 billion. Co-founded with Romain Yzerman, Zaka aims to build a sustainable real estate portfolio, focusing its small but nimble investment team on prime office, hotel and residential properties across Paris and other European capitals. With the flexibility of a solo investor or joint partner, the firm leverages institutional-scale strengths combined with swift decision-making to capitalize on unique, complex real estate opportunities aligned with Bastid's entrepreneurial background and multi-generational wealth objectives.

Quick Hitters:

- Headquarters: Paris, France
- Estimated AUM: $400M - $1B
- Total Multifamily Residential Property Investments Tracked: 8
- Most Active Investment Region: Europe
- Most Active Investment Country: France
- Average Property Value: $49.8 Million
- Asset Class Focus: Real Estate; Direct Investments

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4. Promecap

Founded in 1997, Promecap is a Mexico City-based multi-family office that provides wealth management services to a select group of high-net-worth individuals and families. The independent firm offers financial solutions across asset allocation, portfolio construction, manager selection, risk management and more through two main business lines - venture capital fund management and personalized heritage advisory. On the venture side, Promecap seeks underserved but profitable companies for non-traditional capital like mezzanine debt, convertibles and equity across sectors like infrastructure, financial services and agribusiness. For heritage clients, the firm constructs holistic, risk-adjusted wealth strategies deploying public/private equity, real assets, direct investments and novel vehicles like SPACs to optimize multi-generational legacy value. With over $35 billion (MXN) invested across 80+ deals globally, Promecap leverages 25+ years of investing experience and proprietary research to curate sophisticated yet disciplined opportunities aligned with each client's unique profile.

Quick Hitters:

- Headquarters: Mexico City, Mexico
- Estimated AUM: $2B - $5B
- Total Multifamily Residential Property Investments Tracked: 4
- Most Active Investment Region: North America
- Most Active Investment State: Texas
- Average Property Value: Undisclosed 
- Asset Class Focus: Real Estate; Private Equity; Venture Capital; Direct Investments; Debt

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5. GMF (Gary Fegel Family Office)

GMF is a New York and Switzerland-based single family office established in 2013 by Swiss entrepreneur Gary Fegel to manage his family's wealth after his successful career at commodity trading giant Glencore. The firm takes a global, patient approach to investing across asset classes like public/private equity, structured credit, real estate and direct opportunities. GMF targets capital appreciation through an opportunistic, permanent capital investment philosophy focused on partnering with like-minded entrepreneurs in sectors such as technology, assisted living and healthcare. Leveraging Fegel's industry experience and networks, the firm generates risk-adjusted returns by providing entrepreneurs a mix of capital injection alongside managerial/operational guidance for cash-flowing, less cyclically exposed investments aligned with the family's vision of protecting and growing their multi-generational wealth.

Quick Hitters:

- Headquarters: New York, NY
- Estimated AUM: $1B - $1.5B
- Total Multifamily Residential Property Investments Tracked: 4
- Most Active Investment Region: North America
- Most Active Investment State: Virginia
- Average Property Value: $46 Million
- Asset Class Focus: Real Estate; Private Equity; Direct Investments; Debt

 View FINTRX Profile >>


About FINTRX

FINTRX is a unified family office and registered investment advisor (RIA) database that provides comprehensive data intelligence on 850,000+ family office & investment advisor records, each designed to help asset-raising professionals identify, access and map the global private wealth ecosystem. Find relevant private wealth decision-makers in a snap with 375+ powerful search filters and queries. Uncover the data you need, when you need it and filter through areas of investment interest, AUM, asset flows, intent signals, potential associates and more. 

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