RCA in the commercial property press:

Qatar Investment Authority Eying US Commercial Property

The National (UAE) reports: After years of successful investing in markets nearer to home, the property unit of Qatar’s sovereign wealth fund – the Qatar Investment Authority – is looking to balance its UK-heavy portfolio with some assets in the US. Its first project: according to The National, “…Qatari Diar is financing the $700 million (Dh2.5 billion) construction of CityCenterDC in Washington, DC. The 10-acre project, which broke ground this week, is billed as the largest downtown development under construction in the US.”

Though this is a spectacular first investment, according to the Authority more deals will come. The National’s article aptly reiterated that “…US property is starting to attract more attention from international investors.” Citing data aggregated by Real Capital Analytics, cross-border investment into US property reached $9.7 billion in 2010, which was more than double the 2009 total.

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Posted by: Nina Turner

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