Property Magazine International / August 4th, 2015
Property Magazine International reports: The Greek debt crisis has had little impact on the appeal of European property to US-Based investors who acquired over $28b of commercial property there in just the first half of 2015. It is not just US investors, buyers from around the globe have doubled property acquisitions in Europe over the past two years. However, US investors are the most active and represent about a third of all cross-border activity there.
While most US markets have fully recovered and property prices have returned or surpassed prior highs, the recovery in Europe has trailed and is providing ripe opportunities for many investors, particularly private equity funds seeking outsized returns. Not included in the investment volumes are tens of billions of nonperforming loan portfolios sold by European banks that have been acquired, primarily by these equity funds. If combined, direct acquisitions and loan portfolios acquired by US
investors over the past year well exceeds the $57.4b of investment from US buyers recorded in 2007.
RCA Founder and CEO Robert M. White, Jr, CRE, FRICS wrote this commentary for Property Magazine International. Click on the link below to read the full article on their website.
View the full article in Property Magazine International: An American Investor’s View of Europe