Private Air New York

www.privateairny.com 42   |   Private Air  Summer 2026 F or generations, luxury real estate has served as one of the defining pillars of wealth preservation. From oceanfront estates in Palm Beach and seasonal compounds in the Hamptons to penthouses overlooking Manhattan and mountain retreats in Aspen, prime property has long represented far more than shelter. It has functioned as a store of value, a symbol of achievement, and often a family's most significant asset. Yet as wealth evolves, so do the environments that support it. Today's affluent investors increasingly allocate capital beyond traditional asset classes, building collections that include rare automobiles, fine art, vintage wines, watches, memorabilia, and other passion-driven acquisitions. ese assets are no longer viewed simply as indulgences. For many collectors, they represent meaningful components of a diversified portfolio. e question increasingly confronting collectors is not simply what to acquire, but where those assets belong. at challenge has helped give rise to an emerging category of real estate designed specifically around the preservation, enjoyment, and display of alternative assets. At the forefront of that movement is e Hangar Group, whose sold-out developments in Riviera Beach and Palm Beach have attracted collectors seeking something beyond traditional storage. "For investors who are already allocating significant capital to assets, whether cars, art, or wine, this becomes the environment in which those assets live, are preserved, and are enjoyed," says Scott Cunningham, Founder and CEO of e Hangar Group. "It serves a role in protecting those collections while also operating as an appreciating real estate position in high-demand markets with limited supply." e implications extend well beyond storage. Rather than treating collections as possessions that reside in garages, warehouses, or off-site facilities, e Hangar positions them within purpose-built environments designed around ownership itself. e result is a category that combines elements of luxury real estate, alternative assets, private club culture, and experiential living. WEALTH

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