A Coming of Age for the Global Real Estate Market
Saturday, January 6th, 2007FOR investors who have been missing out on the prolonged run-up in the shares of real estate investment trusts, or maybe jumped in only recently, the end may not be in sight: there are growing opportunities overseas. Some industry experts say that this is an opportune time to make a move into these nascent markets.
“We don’t think the U.S. REIT market is played out; it will continue its upward growth,” said Steven Carroll, co-chief investment officer at CB Richard Ellis Global Real Estate Securities. “But we think the growth will escalate at a much more rapid pace overseas as more markets become securitized.”
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