The carry trade is dead, and capital is moving to whoever can manufacture cash flow. Takeaways from a day with more than 250 investors and operators in emerging real estate.
Private wealth has passed the institutional market, and most sponsors have no idea how to reach it. A workshop on raising from family offices and RIAs.
Social clubs, membership models and third places as real estate. Thesis Driven tracks private and family clubs, alumni and affinity clubs, location-less club concepts operating inside hotels and restaurants, competitive socializing and play-based venues, country club conversions from obsolete buildings, club economics and dues against non-dues revenue, and how the model shapes the underlying real estate deal.
The coworking operators who sold Common Desk to WeWork are converting an office building into a “boutique” country club exclusive to families with young children.
