I've been advising wealthy family offices on real estate for decades. This market requires another look at your 100-year plan | Fortune

"The 100-Year Plan is an investment philosophy often spoken of in relation to family offices. This framework allows investment teams the benefit of longer-term strategic thinking as they consider their allocations and portfolios. This gives them the ability to focus less on short-term financial constraints, and more on building and maintaining generational returns."

"Real estate is an asset class that is especially well-suited to the 100-year plan and has become a cornerstone of many family office portfolios. A 2025 report from Citi Private Bank indicates that between 10%-15% of all family office money is invested in direct real estate. The same report also found that among family offices with $500 million or more under management, real estate is one of the fastest-growing allocation categories."

"So called black swan events do occur (such as environmental catastrophes and, of course, the acceleration of AI), implicating such longer-term strategies, hence the need for family offices to consider checking in on their investment thesis."

Family offices are facing a critical juncture as generational wealth transfers occur simultaneously with significant real estate market disruptions. The traditional 100-year investment plan, which emphasizes long-term strategic thinking and generational returns, remains relevant but requires recalibration. Real estate comprises 10-15% of family office investments and represents one of the fastest-growing allocation categories for offices managing $500 million or more. However, current market complexities—including office and retail sector volatility, residential development shortages, and unpredictable events like AI acceleration—necessitate that family offices evaluate whether their existing investment theses remain viable. Market dislocations present both challenges and opportunities for portfolio managers to leverage.

Read at Fortune