Historically, individuals — more colloquially referred to as “friends and family” or the “country club” investor — have always been the on-ramp investor profile for many property developers-operators. These investors were generally relegated to the smaller investments presented to them by people they knew in the real estate business, or REITs available in the public markets. All the while, larger deals and fund vehicles remained the purview of the larger institutions. As the real estate investment class has grown in prominence over the last few years, so too has the prominence and power of the individual investor. Full article here.