The Real Deal New York

Editor’s note: Thrust into the spotlight

By Stuart Elliott | August 01, 2016 04:10PM

Stuart Elliott

Stuart Elliott

From the August issue: The quiet players are starting to be heard.

Mega-wealthy private investors, who typically fly far below the radar, are playing a bigger role in bankrolling New York City development today – as institutional money becomes scarcer in an uncertain market. And in a very digital age where it’s harder than ever to avoid the spotlight, we were able to unearth some of the biggest players and also examine how the smaller fish operate. Sometimes, pooling together $250,000 from a bunch of doctors is preferable to one big check from the likes of the Carlyle Group. [more]