09/26/2026
Three days at APEX Las Vegas 2026 reinforced something I see in transactions every day: global interest in real estate remains strong, but capital is asking more precise questions about value, risk, and ex*****on.
I was honored to join Noel Christopher, Patrick Toomey , Pavan Maddi and Muhammad Khan for the panel “How Family Offices Are Allocating Capital to Real Estate in 2026.” We examined how families weigh direct ownership, funds, joint ventures, and co-investments; what they expect from operators; and how higher financing costs change the investment decision.
My biggest takeaways from the conference:
• Capital is global, but each deal is local. The discussions on cross-border investment and why the U.S. continues to attract capital underscored the need to understand the market, the asset, and the path to ex*****on.
• Housing needs solutions that can actually be built and financed. Panels on housing supply, affordability, attainable housing, and public-private partnerships connected ambitious plans to the practical work of delivery.
• Technology is changing the physical needs of real estate. Conversations about AI, data centers, power demand, smart cities, and PropTech showed how infrastructure and site selection are becoming inseparable from investment strategy.
• Operations create lasting value. From hospitality and multifamily to resident experience, the strongest investment story still depends on how an asset performs for the people who use it.
• Disciplined underwriting matters more than a compelling headline. For family offices and private investors, I would focus on purchase basis, sustainable cash flow, responsible leverage, aligned partners, and a credible downside plan.
It was a privilege to exchange ideas with developers, investors, brokers, civic leaders, and technology innovators from across markets. Thank you to the APEX organizers, my fellow panelists, and everyone who shared a conversation over these three days. I look forward to turning those connections into meaningful work.
I’ll close with the four lines I carried into my session:
“Don’t start with the percentage. Start with the purpose.”
“Show me your downside case before you show me your upside case.”
“I don’t want a deal that only works if interest rates fall.”
“Leverage should enhance a good deal, not rescue a weak one”
Ravi Jagtiani
Managing Director, Jagtiani Group | Intero Real Estate Services
