What does Manhattan’s tallest residential tower have in common with the Hooters hotel-casino in Las Vegas? They’re investments for rich families. JPMorgan Chase & Co., Citigroup Inc. and HSBC Holdings Plc are among banks presenting elite customers with offerings once confined to big institutional investors: access to real estate projects such as Manhattan’s 432 Park Ave., Las Vegas’s Hooters hotel and $100 million Los Angeles mansions. With the ranks of the rich growing, the perk gives wealthy clients a chance to benefit from soaring property values and step into marquee deals. “It’s a way clients globally are gaining exposure to real estate in bite-sized chunks,” said Paul Forshaw,...
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