Family offices have upped their exposure to real estate, drawn by the attractive returns and diversification benefits the sector offers. Real estate direct investments now account for an average 17 percent of all family office investments, an increase of 2.3 percentage points on the previous year, according to the Campden Wealth and UBS 2018 Global Family Office Report. A third of family offices plan to increase their real estate direct investments over the next 12 months, with only 13 percent aiming to reduce them. The rest will maintain current investment levels, according to the report.