In the dynamic world of real estate investment, family offices are continually seeking innovative ways to diversify their portfolios, maximize returns and tap into emerging market trends. Among these strategies, mixed-use properties have gained traction, offering a blend of residential, commercial and retail spaces that enhance both community value and investment potential. As these versatile developments become increasingly popular, more and more family offices are focusing their efforts on this asset class. Leveraging insights from FINTRX—the premier wealth management data and research platform—we explore the strategies of five family offices actively investing in mixed-use properties.
Mixed-Use Properties
A mixed-use property is a real estate development that integrates various functions within a single building or complex, typically combining residential, commercial and occasionally industrial spaces. The primary objective of mixed-use developments is to create dynamic, walkable communities where people can live, work, shop and socialize in close proximity. This approach enhances convenience, reduces the need for transportation and bolsters the economic vitality of the area.
1. Osprey Capital (David Hoffmann Family Office)
Osprey Capital, a Wilmette, IL-based single family office, was established in 2002 to manage and invest the Hoffmann family's capital. The firm focuses on a broad range of investment opportunities, with a particular emphasis on real estate, where mixed-use properties stand out as their preferred asset type. Osprey Capital leverages its extensive experience and strategic business guidance to invest in small- to mid-market opportunities, aiming to add value through long-term partnerships. Their investments are defined by a patient and adaptable approach, enabling them to fund businesses at various stages of their lifecycle while prioritizing scalability and growth potential.
Quick Hitters:
- Headquarters: Wilmette, IL
- Estimated AUM: $2B - $5B
- Most Active Investment Region: North America
- Most Active Investment State: FL
- Asset Class Focus: Real Estate; Direct Investments; Private Equity; Venture Capital
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2. STARS Investment Management Co. (Felipe Ibanez Scott Family Office)
STARS Investment Management Co., based in Santiago, Chile, with additional offices in Miami and Stamford, is a single family office managing the wealth of the Ibáñez Scott family. Established in 2009, the firm places a strong emphasis on real estate investments through its real estate arm, STARS REI. The company currently has six investments in mixed-use properties, highlighting its strategic focus in this area. STARS REI invests in a variety of real estate opportunities, including income-producing assets, redevelopment projects, and ground-up developments, primarily in the U.S. and U.K. markets. The firm values long-term partnerships with local experts, taking an active role in both investment management and operations to ensure the success of its portfolio.
Quick Hitters:
- Headquarters: Santiago, Chile
- Estimated AUM: $1.5B - $2B
- Most Active Investment Region: North America
- Most Active Investment State: CA
- Asset Class Focus: Real Estate; Private Equity; Venture Capital; Hedge Funds
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3. The Cordish Companies (Cordish Family Office)
The Cordish Companies, based in Baltimore, MD, is a single family office established in 1910 that manages the wealth of the Cordish family, spanning four generations. The firm is deeply involved in real estate development, with a focus on mixed-use properties, where they currently have seven investments. The Cordish Companies are known for their large-scale commercial revitalization projects, including mixed-use developments, corporate office spaces and lifestyle centers across numerous U.S. cities including Philadelphia, Houston and Kansas City. Their approach combines impact investing with a commitment to enhancing the communities they serve.
Quick Hitters:
- Headquarters: Baltimore, MD
- Most Active Investment Region: North America
- Most Active Investment State: Missouri
- Average Property Value: ~$650 Million
- Asset Class Focus: Real Estate; Direct Investments; Private Equity; Venture Capital
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4. Stiles Family Office
Stiles Family Office, located in Fort Lauderdale, FL, is a single-family office founded in 1951 that manages the wealth of the Stiles family and their descendants. The firm has a strong emphasis on real estate investments, particularly in the Southeastern United States, with a focus on Florida, North Carolina, Tennessee and South Carolina. Their portfolio includes four mixed-use property investments, highlighting their strategic commitment to this sector. Stiles Family Office is also dedicated to sustainability, incorporating environmentally responsible practices into every project. Their extensive expertise in real estate enables them to perform strategic analysis and execute a diverse range of real estate products, establishing their reputation as one of Florida's most trusted real estate providers.
Quick Hitters:
- Headquarters: Fort Lauderdale, FL
- Estimated AUM: $400M - $1B
- Most Active Investment Region: North America
- Most Active Investment State: Florida
- Average Property Value: ~$23.25 Million
- Asset Class Focus: Real Estate
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5. Indigo South Capital (Geddes Family Office)
Indigo South Capital, based in Jacksonville, FL, is a single family office established in 1998 to manage and invest the wealth of the Geddes family. With a strong emphasis on real estate investments, the firm has made five investments in mixed-use properties. Indigo South Capital primarily targets opportunities in the southeastern United States, particularly in Florida, and takes a long-term, patient approach to investing. The firm’s real estate portfolio includes land, retail, office, industrial and multi-family properties, with a small team of investment professionals conducting in-house research and due diligence to guide their investments.
Quick Hitters:
- Headquarters: Jacksonville, FL
- Most Active Investment Region: North America
- Most Active Investment State: South Carolina
- Asset Class Focus: Real Estate, Direct Investments; Venture Capital; Private Equity
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About FINTRX
FINTRX is a comprehensive data and research platform that provides unparalleled intelligence on over 850,000+ wealth management firm and contact records, empowering industry professionals to efficiently access, navigate, and engage with the global wealth management ecosystem. With 375+ search filters, FINTRX allows for seamless tracking of private capital flows, identification of allocation trends, and in-depth investment data analysis. Designed with user-friendliness in mind, FINTRX offers a range of features including custom list building, news alerts, real-time updates, customizable reporting options, and more to enhance your workflow and decision-making process.
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