Ultrawealthy members of the Tiger 21 peer-to-peer learning network again raised their allocation to real estate in the second quarter.
Tiger 21 reported Wednesday that members’ real estate allocation increased by one percentage point from the first quarter to 30%, continuing a trend seen over the past four quarters.
This allocation represented a new high for the asset class, and was well above the 22% allocation in the second quarter of 2014.
Tiger 21 noted in a statement that a relatively large percentage of its members had created their wealth in the real estate business, and continued to own significant real estate portfolios.
“In the last year, Tiger 21 has experienced growth in its membership, [leading] us to suspect that the increased allocation is more a function of higher concentrations of real estate owned by newer members and significant increases in valuation, rather than shifting allocations within existing portfolios.”