Preliminary Agenda

Join Cardone Capital's Real Estate Fund Manager, Grant Cardone, for a fireside chat/Q&A where Grant will answer questions pertinent to family offices and investing in multifamily real estate, the addition of BTC to his funds, and more.

• Family Offices currently control approximately $10 trillion in assets, where are they being allocated?
• Very large transfer of generational wealth impending, how does real estate trend with this change?
• What are the biggest issues family offices are facing ? What is working well for your family office?
• Artificial Intelligence, Technology
• Niche, hot topics for Family Office investing, what is new in this market?
• Tax Allocations: How owners improve Year 1 NOI 5-25% before closing.
• Trends going into 2026
• Recent successful investment case studies

• How to engage, outline and execute
• Define a succession plan
• Terms of engagement: Education, Responsibility and other components
• Where to begin: who takes the lead? How/why to involve the generations.
• How does your practice approach such issues?

• Advantages of Value-Add Multifamily Investing
• Purchasing and Refinancing Options
• Discussion of financing and cap rates. Anything changed? Where do we go from here? What do you think of construction and value add? Alternative residential assets?
• Increasing Cash Flow?
• Value-add Loans
• Discussion of financing and cap rates. Anything changed? Where do we go from here? What do you think of alternative residential assets?
• Impact of new construction and construction costs
• Highlighting the structural of its appeal of various formats to family offices

• Direct Investment vs. Fund Investment-what are the challenges
• Real estate and Direct private equity and venture capital
• What family office opportunities exist
• Why family office focus on direct investment? Advantages/disadvantages;
• Best practices: due diligence and transaction cycle
• Co-invest: – Best practices of due diligence
• Lessons learned from co-investment. Benefits/pitfalls to avoid
• Structure of the co-invest: what to look for

• What opportunities exist in the high yield debt/mezzanine loan market? What risks do these products carry, especially late in the cycle?
• Definition of high yield debt , lack of debt capital?
• Mezzanine loan, preferred equity , high-yield bridge debt: alternative products available?
• Cost of capital across real estate asset classes: what’s in and what’s out
• Family offices as investor or borrower?
• Hard Money alternatives
• What yields are investors getting on bridge and mezz loans for different property types? What new covenants and or performance clauses are you seeing?
• What’s the appetite of family offices for secured debt?
• How are private investors using hard money loans to structure deals?
• Will senior debt funds help newcomers enter the real estate lending market? Has anyone seen any liquidity issues with debt funds?
• Should you invest in real property, or the notes underlying the asset?
• Are you gravitating more to fixed- or floating-rate debt If fixed, how are you mitigating costs of defeasance/prepayment penalties?
• How attractive is C-PACE and other alternative financing?
• CMBS Issuances

• Alternatives assets include parking, co-working, self-storage, vaccine cold storage, cannabis real estate, large equipment storage, conservation. Are these the main alternative assets for family office? Which are more prevalent for FOs ?
• Is there any interest in manufactured housing, ADUs, student housing, senior housing, self storage, data centers, IOS, ADUs, cold storage?
• More nicher alternative asset classes
• How and where are you souring alternative asset deal flow?
• When investing in alternative asset classes, are you looking for cash flow or overall return?
• Which sectors have the most upside coming out of a tumultuous year? Tariff effect.
• How important is portfolio diversification as a form of risk management?
• What risks need to be considered when investing in niche opportunities, themselves?
• Do these alternatives lend themselves better to short or long term investments?
• Purchasing alternative assets, debt fund perspective. What works best?
• Private equity, real estate, private debt, private mortgage loans, commodities, and venture capital for funds

• Explore Emerging Trends: Analyze the impact of e-commerce, experiential retail, and sustainability on investment opportunities.
• Retail Real Estate Opportunities: Identify high-potential investments in urban retail hubs, repurposed malls, and logistics centers.
• Direct-to-Consumer (D2C) Brands: Evaluate the growth potential and scalability of D2C businesses in consumer goods.
• Retail Technology Innovations: Assess opportunities in AI, AR, and data analytics driving retail efficiency and customer engagement.
• Risk Mitigation Strategies: Learn approaches to manage economic cycles, consumer shifts, and technological disruptions

• How much capital is still actively being raised for QOZ funds and how much has been deployed?
• What kind of capital is being invested? Are LPs now more comfortable with QOZ investing? How to determine if a fund manager has the sufficient experience?
• What are QOZ funds investing in and where? How are fund managers underwriting deals? What are their due diligence processes?
• How are lenders viewing such investments? What are typical terms/conditions?
• Are there distressed QOZ plays? What’s going on across property types in the current climate
• Which markets are primed to bounce back quickest and strongest? Why?
• Do QOZ actually provide benefits to the community? How are you gauging this impact?

• How are the supply-demand dynamics changing in the markets you’re targeting? What tools/strategies are you using to source new deals?
• Who has looked into conversions to multifamily? To senior housing? What goes into your conversion and what returns hurdles do you need to underwrite to before moving ahead with the conversion?
• How are you approaching value-add opportunities in the hospitality space?
• What is your outlook for limited service and extended stay opportunities in secondary and tertiary markets?
• How are you weighing the risk of AirBnB on your current and future investments?
• Is there a way that hotels can work with AirBnB instead of competing against AirBnB?
• Current state of hotel occupancy ?
• How are hoteliers controlling expense increases?
• What do traditional equity vs. rescue capital returns look like?
• How attractive is C-PACE and other alternative financing?

• How is current market liquidity?
• How is suburban vs. urban real estate doing?
• What are your options if you are in a strong market with week financials? How about week market with strong financials?
• Which sectors of industry are coming back? Which aren’t?
• What is the real volume of work from home and how does it vary from city to city?
• Which markets have the most distressed?
• Impact on Family Office Investment Strategy

**Open to family offices only, to discuss some of the most relevant issues facing family offices today

• What are Families Talking About Today?
• Defensive Strategies in Uncertain Times
• Engaging the Next Generation of Family Members
• What are Family Goals?
• Who’s Minding the Store? Enrichment and Education
• Importance of Giving Back - Lead by Example, Philanthropic efforts

• What is driving renter demand for single family real estate? How long will those trends continue?
• Primary, secondary and tertiary market opportunities – which areas do you like? Which are you avoiding?
• Build-to-Rent 101 – why is this asset class so popular and how can family offices participate?
  What is the difference between workforce, middle income and affordable housing?
• Working with government, non-profits and impact investors
• Impact of stimulus packages, jobs and income
• Understanding the relationship with opportunity zones and other tax credit schemes
• How can affordable housing investments be profitable?
  Best strategies to investing in mixed use
• High demand? Low demand?
• Impact of new construction and construction costs
• Discussion of financing and cap rates. Anything changed? Where do we go from here? What do you think of construction and value add? Alternative residential assets?
• Case Studies
• Pros and cons of mixed use
  How is the market positioned for future growth? Does it face similar oversupply risks as multifamily?

• Capital A affordable housing vs. attainable housing vs. workforce housing- what are the unique distinctions between these?
• Why family offices are positioned to fill the “missing middle” gap
• Direct vs. fund based investment in this asset class
• Financing & leveraging fannie mae and other programs
• ESG & social impact, aligning housing investments with family legacy
• Case studies of family office-backed developments

• Current state of the multifamily and mixed-use markets (occupancy, rent trends, supply/demand dynamics)
• Purchasing and Refinancing Options
• Impact of interest rates and inflation on deal flow and underwriting? Increasing Cash Flow?
• Mixed-Use Loans
• Discussion of financing and cap rates. Anything changed? Where do we go from here? What do you think of alternative residential assets?
• Best strategies to investing in mixed use
• Family office allocation numbers to mixed-use ? Up? Down?
• Zoning, entitlement, and community engagement challenges

• What technology is of top priority for Family Offices?
• Cybersecurity threats
• Valuable assets: which are of most concerns?
• Tech in the Real Estate space: what is popular?
• Key Considerations
• Artificial Intelligence developments
• Workflow with Commercial Real Estate Investment Strategy

• Industrial sector today? What has changed in recent years
• Family Office Allocation to Industrial
• Differences between Industrial classes (Class A vs. Class B etc.)
• Opportunity Zones
• Long vs. Short term assets
• Distressed opportunities?
• New Construction trends

• Why are data centers relevant to family offices, the future of AI, and general industry trends?
• What does your investment in data centers look like? Which markets are appealing?
• Investment partnerships for data centers, who and what do you look for in a partnership to ensure ROI?
• Funds and technology companies to watch for in this space
• Challenges in investing in this asset class
• Disaster-prone areas/supply chain management
• Non-primary markets for data centers
• Will quantum computing be the next generation? How can you prepare?

• What tax-efficient structures are available to US tax-exempt and Non-US institutional investors and family offices?
• What should family offices consider when selecting an asset protection plan?
• What are the benefits for family offices of using asset protection trusts?
• How can advisors protect their clients and their assets from fraudulent creditor claims?
• What should advisors know about state laws around trust and estate planning?

• Impact: What’s your family’s investment thesis? How does it address the values of younger/older family members?
• Which real estate asset classes are best positioned to meet ESG requirements?
• Have you made any impact investments? If so, how have they performed? Is your investment approach different than other investments?
• Short term or long term investment horizons? And what’s the impact you’re trying to make?
• Define differences between workforce and affordable housing
• How do local governments incentivize private investors to meet housing affordability needs? Do these measures negatively impact profits?
• Working with government, non-profits and impact investors
• Impact of federal/local stimulus packages, jobs and income
• Use of Opportunity zones, tax credits and other subsidies
• How can affordable housing investments be profitable?