Tiger 21 Chairman Michael Sonnenfeldt explains real estate is becoming a place for wealth preservation and creation as a long-term asset.
Amid rising inflation worries, Tiger 21 Chairman Michael Sonnenfeldt explained why real estate is an area of wealth preservation and creation on FOX Business’ "Mornings with Maria."
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MICHAEL SONNENFELDT: Our members have allocation of assets. Real estate is number one, and it's not only been 27% of our portfolios for a long time - that's almost $30 billion of assets across our network - but recently, when we polled our members and said, ‘if inflation is coming back, where do you want to put your assets?’ And real estate was the number one category because members felt it was the most durable asset to weather through a secular rise in interest rates and inflation that some believe we're at the beginning of.
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WATCH THE FULL INTERVIEW BELOW:
Tiger 21 Chairman Michael Sonnenfeldt discusses supply chain issues, the U.S. workforce and why to invest in real estate.