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Stillforest Wealth Management
Edward Lee's Stillforest Wealth Management blends family office service with direct real estate and private credit investing from New York.
Stillforest Wealth Management
Stillforest Wealth Management was founded by Edward Lee in New York, operating as a boutique multi-family office and asset manager. The firm consolidates the affairs of a small number of ultra-high-net-worth families, with a primary emphasis on direct, tangible asset deployment rather than traditional wealth advisory or brokerage. Its origins are rooted in the private real estate markets of the Northeast. The firm's investment strategy concentrates on direct real estate acquisitions, private credit origination, and targeted private equity co-investments alongside established operators. Rather than functioning as a fund-of-funds, Stillforest structures deals on a transaction-by-transaction basis, allowing family clients to co-invest with significant control over asset selection. The geographic focus remains primarily on major metropolitan markets in the United States, particularly New York and the broader Northeast corridor, with select exposure to Sun Belt growth markets. Stillforest maintains a deliberately lean operating structure, with a small team of investment and family office professionals based in New York. The firm does not publicly disclose assets under management, consistent with the private posture of family offices managing discreet pools of legacy capital. In May 2024, Stillforest completed the acquisition of a multifamily portfolio in the New York metropolitan area, reinforcing its strategy of aggregating off-market residential assets on behalf of its client families (public record). The firm's structural differentiator rests in its hybrid model: it functions simultaneously as a family office handling consolidated reporting, tax, and estate coordination while operating with the investment mandate of a direct real estate private equity shop. This dual role allows Stillforest to originate deals where the general partner, limited partner, and asset manager are effectively the same coordinated group of families — a structure that minimizes agency costs and allows for indefinite hold periods not available to fund managers facing redemption or liquidation timelines.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Edward Lee
Founder & CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Stillforest Wealth Management?
Edward Lee, the firm's founder and CEO, leads all investment decisions and sourcing efforts. The firm operates with a lean team structure, meaning Lee is directly involved in evaluating every direct real estate acquisition and private credit placement. This high-touch model avoids delegation to junior acquisition officers or external consultants.
How does Stillforest source its real estate transactions?
Stillforest relies predominantly on off-market, relationship-driven sourcing within the New York metropolitan area and broader Northeast. Edward Lee's network among private owners, attorneys, and brokers allows the firm to identify multifamily and mixed-use properties before they reach the broadly marketed auction process. This sourcing model is designed to avoid competitive bidding environments and institutional auction platforms.
Is Stillforest structured as a single family office or does it serve multiple families?
Stillforest operates as a multi-family office, serving a small, undisclosed number of ultra-high-net-worth families. However, unlike commercial multi-family offices that scale through advisor headcount, Stillforest functions more like a shared private investment office where each client family co-invests alongside the others in the same direct transactions, aligning interests and reducing fee layers.
Does Stillforest participate in fund commitments or only direct deals?
The firm is overwhelmingly oriented toward direct deals — primarily direct real estate and originated private credit — rather than making blind-pool fund commitments to third-party managers. When private equity exposure is appropriate, Stillforest executes targeted co-investments alongside operators it already knows, avoiding the fee drag of traditional commingled fund structures.
What is Stillforest's posture on co-investments alongside external GPs?
Stillforest will selectively co-invest alongside external general partners, but only in direct deals where the firm's principals can underwrite the asset or credit independently. The firm does not participate in fund-of-one structures or managed accounts that cede investment discretion. The co-investment must match the direct-ownership thesis that defines the firm's core real estate and credit strategy.
Does Stillforest maintain any philanthropic or foundation structures?
While Stillforest handles comprehensive family office services — including consolidated reporting, tax coordination, and estate planning — there is no publicly available information indicating a separate philanthropic foundation or donor-advised fund program operated by the firm. Philanthropic advisory may be offered as part of the integrated family office service, but as a privately held entity, Stillforest does not disclose the specifics of its clients' charitable vehicles.
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