Jennifer Nellany is quoted in a CNBC article discussing the rise in ultra-wealthy family offices purchasing U.S. real estate as traditional investors remain cautious amid high interest rates and global uncertainty. While surveys show mixed sentiments toward real estate among family offices overall, U.S. investors are notably more optimistic, especially those concerned about inflation.

“Any time inflation becomes an issue, people start investing in things that they can see and touch,” said Jennifer. Regarding data centers, which are considered the most lucrative asset class in commercial real estate, Jennifer noted that family offices find it hard to invest at attractive price points. She added that some family offices, especially those with a philanthropic bent, are concerned about the environmental impact of data centers.

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