NATIONAL PRIDE
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72% of Association of Foreign Investors in Real Estate members, who hold $627B in CRE ($265B of that in the US), plan to invest more capital in the US this year than they did in 2010. The James A. Graaskamp Center for Real Estate (Wisconsin School of Business) survey found that investors are narrowly targeting NY and then DC among global cities, says AFIRE chief Jim Fetgatter. Chicago ranks seventh on the list of targeted cities. The US ranked four times as high as second-ranked UK as an investment target (if we can get Prince William to have his wedding at Rosewood Restaurant, we'd really stick it to the Brits). 60% of respondents called the US the best potential for capital appreciation (54% over China). Multifamily remains the primary target, hotel and retailmoved up to second and third, and office and industrial dropped to fourth and fifth. |
