Family Offices impact on Real Estate with Ron Diamond | Episode 130

🔥Live Podcast Alert 🔥 🔥On this Real Estate Hustlers Podcast episode with  Ron Diamond, longtime investor and entrepreneur Ronald Diamond is the Founder and Chairman of Diamond Wealth. He invests alongside 100 Family Offices ranging in size from $250 million to $30 billion. Diamond Wealth invests in private markets (private equity, venture capital, real estate). Ronald serves on the Advisory Board of numerous privately held companies and acts as Chairman for several of them. Ronald is also the Chair of two TIGER 21 chapters in Chicago and Chairs a newly created Family Office Group for TIGER 21. He is the past Chairman of the Advisory Board for the Disruptive Technology and Digital City’s Program at Stanford University, taught classes in the Entrepreneur Program at Stanford, and helped to create the Stanford Family Office Initiative. Key Takeaways: Ron shared his journey from graduating from Northwestern to working at Drexel Burnham during its collapse. He discussed his transition back to Chicago, where he started a hedge fund, grew it to $250 million, and eventually sold it in 2000. Currently, Ron focuses on investing through a syndicate of family offices, managing assets ranging from $250 million to $30 billion. Ron explained how family offices leverage patient capital to invest in various asset classes, excluding office real estate He highlighted the importance of due diligence and the advantage of having multi-billion dollar families conducting their own due diligence alongside his team. Ron provided a comprehensive definition of a family office, emphasizing the need for a minimum of $250 million to $500 million to make economic sense. He discussed the goals of family offices, including asset management, philanthropy, estate planning, and wealth transfer. He emphasized the need for family offices to partner with experts in various asset classes to mitigate risks and enhance returns. Ron candidly shared his thoughts on the importance of in-person interactions for younger professionals and the potential drawbacks of remote work. Connect with Diamond:  LinkedIn: Ron Diamond Visit us at: Investor Portal: https://appelmangroup.investnext.com/ Website: https://lnkd.in/g66wqQ7g Linkedin: https://lnkd.in/g2Fu2BZD Facebook: https://lnkd.in/gVjbUi3p