Atlanta is showing signs of a renewal in commercial property interest as small foreign investors are beginning to return to the market for the first time in 15 years, according to an Atlanta Business Chronicle article. These small private firms are seeking to take advantage of the falling property values in the market and are able to acquire distressed properties, benefiting from the weakened dollar for European investors.
"You have this Bermuda Triangle that many developers find themselves in, with rents and property values that are plummeting and credit lines that are locked down and a flow of capital that has all but come to a halt, said Phillip Thompson, a partner with the Atlanta office of Duane Morris LLP. Foreign investors, both firms and individuals, are hoping to benefit from participating in real estate amid a shortage of US capital.
Equity investors plan to increase investment by 40 percent globally and by 73 percent in the United States in the next year, according to an annual survey conducted by the Association of Foreign Investors in Real Estate. The survey reflected that foreign real estate lenders plan to increase lending by 54 percent globally and by 58 percent in the United States. The survey was carried out in the fourth quarter of 2008 among the association’s nearly 200 members.
For more news and information, visit Blumberg Capital Partners.
Comments