RE firm forges ties to family-office consultancy

FWR Staff

3 April 2008

Grubb & Ellis gets access to Family Wealth Alliance's ultra-wealthy clients.

Grubb & Ellis Realty Investors has partnered with the Family Wealth Alliance . The deal gives Grubb & Ellis access family offices and it gives the FWA another arrow in its quiver of capabilities.

Lending confidence

"We believe our clients will benefit greatly from Grubb & Ellis Realty Investors' full-service real estate capabilities and their impressive ability to shepherd investment opportunities from initial deal sourcing through to the ultimate disposition of the asset," says The FWA's founder and CEO Thomas Livergood. "Additionally, Grubb & Ellis Realty Investors has a decade-long track record of experience and superior service to their program investors, which lends confidence to our arrangement."

The Family Wealth Alliance, based in Wheaton, Ill., helps family offices identify the best service providers. Grubb & Ellis Realty Investors, a subsidiary of Grubb & Ellis Company, manages a portfolio of assets worth over $5.7 billion.

Jeff Hanson, president of Grubb & Ellis, says the partnership with the FWA "opens new avenues of opportunity for both firms" -- and for Grubb & Ellis this amounts to access to qualified investors.

Santa Ana, Calif.-based Grubb & Ellis, formerly Triple Net Properties, recently launched a wealth-management program -- with a $15 million minimum -- to help high-net-worth investors build or expand their commercial real-estate portfolios through direct investment. The firm oversees a portfolio worth more than $5.4 billion. -FWR

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