By: Jim Taylor
Missoula partner Keith Lenard and I recently descended upon Newport, RI, home of Americas Cup sailing where “blue bloods” have summered for generations in grand mansions overlooking hallowed waters. We were attending a Family Office & Private Wealth Management Forum where investment ideas were being pitched to a growing number of offices set up to look after the interests of wealthy families.
From hedge funds to luxury travel, there was no shortage of advice for the well-heeled participants. We shared our booth with Eric O’Keefe, editor of the Land Report. His beautiful magazine was well received by the participants of this conference.
I sat on a real estate panel with a group of distinguished investors in commercial real estate who dispensed timely and valuable advice. My proposal that ranches, farms, and rural real estate represents a legitimate investment class asset was well received by a somewhat surprised audience who I think were wondering what I was doing among such company.
Our booth was visited by many who were intrigued by some of the spectacular photos of western landscapes that we had on prominent display. Keith and I feel that we definitely got the attention of many families who recognize the value of investing in rural land that holds its value and appreciates for future generations – not to mention creating a family legacy for the enjoyment of individual family members.