Amid rising inflation worries, Tiger 21 Chairman Michael Sonnenfeldt defined why real estate is an space of wealth preservation and creation on FOX Enterprise’ “Mornings with Maria.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
MICHAEL SONNENFELDT: Our members have allocation of belongings. Real estate is primary, and it is not solely been 27% of our portfolios for a very long time – that is virtually $30 billion of belongings throughout our community – however lately, after we polled our members and mentioned, ‘if inflation is coming back, where do you want to put your assets?’ And real estate was the primary class as a result of members felt it was the most durable asset to climate via a secular rise in rates of interest and inflation that some consider we’re at the starting of.
WATCH THE FULL INTERVIEW BELOW: