Family offices could be hit in Trump ban on investors buying homes
CNBC • • general
Key Points:
- President Donald Trump's proposed ban on "large institutional investors" buying single-family homes may unintentionally impact private investment firms of ultra-rich families, known as family offices, despite the policy primarily targeting Wall Street landlords and private equity giants.
- Approximately 75% of North American family offices invest in real estate, allocating an average of 18% to this sector, with residential properties comprising nearly one-third of their holdings, according to a Campden Wealth and RBC Wealth Management survey.
- The effect of the proposal depends on the yet-to-be-defined criteria for "large institutional investors," with past legislation focusing on ownership thresholds, such as owning more than 50 or 1,000 single-family properties, which some wealthy families might inadvertently meet.
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