| 72% of Association of Foreign Investors in Real Estate members (who hold a total of $627B of CRE—$265B of that in the US) plan toinvest more capital in here in 2011 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.Houston is 7th on the list of US cities, with less than 5% of projected investment. Dallas wasn’t on the list, not that we’re bitteror anything. The US ranked four times as high as second-ranked UK as an investment target (perhaps we should host the royal wedding, too), and 60% of respondents called the US the best potential for capital appreciation (54% over China). Multifamily remains the primary target, hotel and retail moved up to second and third, and office and industrial dropped to fourth and fifth. |
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