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5 Family Offices Investing in Office Spaces

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The family office landscape continues to evolve, with savvy investors seeking emerging opportunities across diverse asset classes. One area garnering increased attention is the commercial real estate sector, as family offices leverage their financial acumen and market insights to capitalize on the shifting office space dynamics. Leveraging FINTRX - the premier family office and RIA database for financial professionals - we spotlight five family offices that have strategically deployed capital into office properties, showcasing their investment rationale and the factors shaping their portfolio allocations. 


1. MACH Capital (Vincent Chiara Family Office) 

MACH Capital, based in Montréal, Canada, is a single family office established in 2019 to manage and invest the wealth of Vincent Chiara and his family. Chiara, a prominent real estate developer and lawyer in Quebec, built his fortune over 20+ years through significant projects and his leadership of Groupe Mach, a major development firm. With nearly 20 investments in office space properties and almost 30 combined property investments, MACH Capital focuses on sustainable profitability and long-term growth without the pressure of limited partners or exit strategies. Leveraging over 60 years of combined M&A experience, the firm primarily invests directly in private sector companies such as manufacturing, retail, transportation, leisure, and technology, offering flexible capital solutions from minority stakes to full acquisitions, and handling deal sizes from mid-market to over $1 billion. 

Quick Hitters:

- Headquarters: Montreal, Canada
- Estimated AUM: $100M - $400M
- Total Office Space Investments Tracked: 18
- Most Active Investment Region: North America
- Asset Class Focus: Direct Investments

 View FINTRX Profile >>

 

2. STARS Investment Management Co. (Felipe Ibanez Scott Family Office) 

STARS Investment Management Co., based in Santiago, Chile, with offices in Miami and Stamford, was established in 2009 to manage the wealth of the multi-generational Ibáñez Scott family. The family's business legacy began with a neighborhood grocery store in Santiago in the early 1900s, which evolved into one of Chile's largest supermarket chains, Distribution and Service (D&S), under the leadership of Felipe Ibáñez and his predecessors. After selling D&S to Walmart in 2014, Felipe founded STARS REI to focus on real estate investments in the U.S. and Europe. STARS Investment Management now invests in private equity, public equity, venture capital, hedge funds, and various real estate assets. The firm emphasizes long-term relationships and disciplined portfolio construction, actively managing investments in office, multifamily, industrial, retail, hospitality, and mixed-use projects focusing on U.S. and U.K. markets.

Quick Hitters:

- Headquarters: Santiago, Latin America/Caribbean
- Estimated AUM: $1.5B - $2B
- Total Office Space Investments Tracked: 10
- Most Active Investment Region: North America
- Most Active Investment State: California
- Asset Class Focus: Real Estate; Private Equity; Venture Capital; Hedge Funds

 View FINTRX Profile >>

 

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3. The Moinian Group (Joseph Moinian Family Office) 

The Moinian Group, based in New York, NY, is a single family office and prominent real estate firm established in 1982 by Iranian-American investor, real estate developer, and philanthropist Joseph Moinian. Initially, Moinian built his wealth in the fashion industry before transitioning to real estate, founding The Moinian Group, which has since grown into one of the largest privately held real estate firms in the U.S., with a portfolio exceeding $10 billion. The firm excels in real estate development, asset management, leasing, and investment, focusing on state-of-the-art properties. With a strategic emphasis on America's leading cities such as New York, Chicago, Dallas, and Los Angeles, The Moinian Group targets emerging areas, transforming them into vibrant communities. Their investments span office, commercial, residential and hospitality sectors, driven by rigorous market research to identify high-potential properties. This approach positions the firm as a leader in urban development, significantly enhancing cities' architectural and economic landscapes nationwide.

Quick Hitters:

- Headquarters: New York, NY
- Estimated AUM: $5B+
- Total Office Space Investments Tracked: 8
- Most Active Investment Region: North America
- Most Active Investment State: New York
- Average Property Value: ~$224.83B
- Asset Class Focus: Real Estate

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4. FoxRock Properties (Rob Hale Family Office) 

FoxRock Properties, based in Quincy, MA, is a single family office founded in 2007 by Rob Hale. The firm specializes in acquiring, developing, and managing commercial real estate properties for community revitalization. With a management team experienced in commercial real estate since 1982, particularly in IT and telecom properties, FoxRock's portfolio has expanded to millions of square feet across various asset types. Committed to sustainability and low-maintenance solutions, the firm also focuses on community engagement through its FoxRockCares organization, supporting youth development, education, health, cultural enrichment, and farming. FoxRock primarily invests in residential, office, industrial, commercial, and medical properties in New England and Florida. Known for its aggressive expansion, FoxRock is one of the fastest-growing commercial real estate firms in Greater Boston, dedicated to creating thoughtful community value through its developments.

Quick Hitters:

- Headquarters: Quincy, MA
- Estimated AUM: $400M - $1B
- Total Office Space Investments Tracked: 7
- Most Active Investment Region: North America
- Most Active Investment State: Massachusetts
- Average Property Value: ~$21.358M
- Asset Class Focus: Real Estate; Direct Investments

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5. Diamond Ventures (Diamond Family Office) 

Diamond Ventures, based in Tucson, AZ, is a single family office established in 1988 by the late Donald R. Diamond. Known for his successful career as a commodities broker on Wall Street and later as an opportunistic real estate investor in Arizona, Diamond founded the firm to expand his investment activities. Diamond Ventures manages a diverse portfolio that includes real estate and private equity holdings to protect and grow family wealth for future generations. The firm takes an agnostic approach to deal sourcing, with a historical focus on North American opportunities, particularly in the Southwest U.S. Diamond Ventures invests in residential and commercial real estate, including planned communities, custom homesites, mixed-use projects, office spaces and hospitality properties. DVI Equity Partners, a branch of the firm, specializes in micro-cap investments in early-stage technology companies, targeting sectors like AI, big data, cloud and cybersecurity.

Quick Hitters:

- Headquarters: Tucson, AZ
- Estimated AUM: $100M - $400M
- Total Office Space Investments Tracked: 6
- Most Active Investment Region: North America
- Most Active Investment State: Arizona
- Asset Class Focus: Real Estate; Direct Investments

 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. 

FINTRX CTA-Jan-09-2024-10-30-56-9511-PM


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