International Commercial Real Estate Investing
Obviously, there are more opportunities at the international level regarding commercial real estate investing than there are simply in your own country. However, I think it is important to still fully understand the local commercial real estate market you are investing in and know the applicable
Here is an excerpt from an interview I found on NREI’s web-site:
Expert Q&A James A. Fetgatter, CEO of the Association of Foreign Investors in Real Estate (AFIRE)
This month, the Global Real Estate Monitor connected with James Fetgatter, CEO of the Association of Foreign Investors in Real Estate (AFIRE), to discuss foreign investment activity in the U.S. commercial real estate sector.
GREM: For AFIRE members, what are their thoughts on the current economic downturn the U.S. is experiencing?
FETGATTER: Foreign investors are for the most part taking a “wait and see” attitude about the U.S. economic downturn. Whether the U.S. is in a recession has been a question for some time now and foreign investors sometimes have less of a “feel” for the economy than those who reside in the U.S. In fact, it is often difficult for investors living in other countries to distinguish between the troubles in the residential markets with the state of the commercial market. This is especially true for upper management and Boards who may be reading major media reports.
Although foreign investors may be slightly cautious about the U.S. economy, they still consider the U.S. to be the most stable and secure real estate market in the world. The resilience of the U.S. economy is well known and can be relied upon to protect asset values for the long-term investor.
I made the bold impressions. I find it interesting that international real estate investors are investing in the United States. Hopefully, the foreign investors that buy our book will utilize our triple net lease strategies.
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