List of 3 large US Real Estate Single Family Offices
In the following, we are introducing you to three interesting real estate focused US single family offices from our list.
1. Sobrato Organization, Cupertino
The Silicon Valley based organization was founded in 1979 by John A. Sobrato, who made his first investments in real estate while still being in college. He worked closely with Carl Berg, another famous Silicon Valley investor, for many years. Today John Sobrato is one of the richest persons in the United States with an estimated net worth of 6.6 billion U.S. dollars in 2019. The real estate and development department of the Sobrato Organization is focused on investing in and developing projects in the fields of apartments, world-class office buildings and mixed-use projects in high growth markets in the western United States, mainly in the Silicon Valley area. Some of the buildings are even hold and operated by the Sobrato Organization (more than 110 commercial buildings and 30 apartments complexes). But Sobrato is not dedicated to real estate only, they also make private equity investments and various philanthropic investments though their foundations. Some of the world leading internet technology companies took the help of Sobrato to build their headquarters in the Silicon Valley. For example, Sobrato was involved in developing and building the Apple Campus and former headquarter in Cupertino. Another example where Sobrato was involved are the Facebook headquarters in Menlo Park.
2. Fremont Group, San Francisco
The single family office of the Bechtel Family, who is already economically active since 1898, is also featured in our List of Single Family Offices in San Francisco. The family gained its massive wealth due to the economic success of the Bechtel Group, which today is the largest construction company in the United States. Bechtel Group itself offers engineering, project procurement, construction and project management services.The Fremont Group family office, was formed in 1980 as a subsidiary of the Bechtel Family and became a separate entity in 1986. Besides their investments in private equity, the firm invests in real estate objects and follows a quite unusual strategy. Where other single family offices only invest in traditional real estate sectors, such as offices and multi-family housings, Fremont Group focuses on self-storage, senior housing, student housing and cold storage objects. They are leading strategic investors in the storage and senior living sectors with realized investments representing over 275 properties in 11 countries over 19 years.
3. Prairie Management Group, Northbrook
Prairie Management Group serves as the personal single family office of Gordon and Carole Segal who co-founded Crate & Barrel in 1962. Crate & Barrel is a leading home furniture producer and reseller with more than 100 stores in 9 countries. 2011 the German mail order company Otto became the sole owner which gave the Segals a considerable boost to their fortunes. Prairie Management Group only invests their private family capital into businesses and real estate opportunities with a long term oriented view. They are mainly looking for collaborations with trusted, high-quality real estate sponsors who have demonstrated unique expertise and established a strong track record, usually in a single product type. The firm therefore makes investments in commercial real estate objects, such as office, retail industrial, self-storage and mixed-use objects, but also investments in residential real estate. For example, their current portfolio contains a big office building in Burlingame, CA and an industrial park in Raleigh, NC.
Information included in our list
- Country of main location
- Company name
- Contact data (URL, address, state, e-mail, telephone number, executives)
- Serial letter columns for mailings (formal salutation, first name, last name of the first executive)
- LinkedIn profiles of the top management, if available
- Family information (Name, Estimated family assets in M€, Holding structure)
- Real Estate Focus (Yes/No) / Real Estate Focus Details / Examples of Real Estate Investments
- Venture Capital Focus (Yes/No) / Details on Venture Capital Focus / Examples of Venture Capital Investments
- Private Equity Focus (Yes/No) / Details on Private Equity Focus / Examples of Private Equity Investments
- Financial assets focus (Yes/No)
- Renewable Energy Focus (Yes/No)
- Other focus (art, philanthropy, forestry, agriculture, etc.)
- Dates of the entry creation, last check and last update
Values may be missing if some data points are not publicly available. The “largest single-family offices” are defined by the wealthiest American families who actively invest through investment vehicles and for whom reliable information is available. With regular, free updates and extensions, we constantly improve the data quality.