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In my line of work, I take a lot of meetings. At those meetings, I often speak with the people who run some of the biggest, most successful New York City-based real estate investment firms. It’s a privilege and a luxury to sit with them, so I rarely betray confidence by revealing what happens behind those closed doors.
But, this time I feel compelled to share.
In the spring of 2018, I took a meeting with leaders of a very well-known capital management firm (it has one of those jaw-dropping art collections and a Central Park view that means it manages many billions in assets and has done for a long time. You may know the type). I sat in the conference room and explained why more people ought to have access to Manhattan residential real estate investments, that it’s one of the best real estate markets in the world — a market that historically only the elite have been able to invest in.
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