Foreign Investor Interest in U.S. Market Hits Ten Year High

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According to the Association of Foreign Investors in Real Estate (AFIRE), more foreign investors are interested in U.S. real estate than at any time since the firm began surveying investors in 2000. Members of the survey hold more than $265 billion in U.S. real estate and $627 billion globally. The data collected from survey respondents ranked interest in the U.S. four times higher than the second ranked county, the United Kingdom. In fact, 72% of respondents said they are planning to invest more capital in the U.S. in 2011 than they did in 2010 and most believed that our domestic property markets offer the best investment return potential in the world. That being said, investors are focusing their interest almost exclusively in a half-dozen major metropolitan areas, especially New York City and Washington D.C. As CoStar Group Director of Advisory Services Hans Nordby put it, these investors “don’t take connecting flights.” James A. Fetgatter, the CEO of AFIRE, put it another way: “their strategy is more akin to a rifle than a shotgun.”

Multi-family property continues to remain the asset class of choice followed by retail, hotels, office, and then industrial. Brazil displaced China as the number one emerging market of choice (China was second), followed by India, Vietnam and Mexico.

If you would like to speak to a member of our team about investment opportunities in Manhattan or Brooklyn, please call (212) 400-4838 or e-mail yourkeytothecity@AkerlyRE.com.

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About Akerly Real Estate

Mike Akerly grew up in Orange County, CA and lived in Irvine until he left to attend the University of Southern California. After graduating with a BA in Political Science, he worked in talent and literary representation at agencies and management firms such as ICM in Beverly Hills and Media Talent Group in West Hollywood. While there, he had the opportunity to work on behalf of artists such as Angelina Jolie, Billy Bob Thornton, Mira Sorvino, Forest Whitaker, Robert Rodriguez, Danny Boyle, and Baz Luhrmann. While in Los Angeles, Mr. Akerly began his career in real estate as a landlord in Orange County before moving on to New York City to attend law school at the Benjamin N. Cardozo School of Law. There, he completed his Juris Doctor with concentrations in real property law and corporate law while he continued his real estate investments with acquisitions in Manhattan. Today he is licensed in California, New York, and Massachusetts. Kate Akerly was born in New Jersey and raised in California. She attended college in Los Angeles where she received her BS in sociology from Mt. Saint Mary’s College. After college, Kate was introduced to real estate as a landlord in Orange County, California. She later moved to New York City where she worked for a city agency that handles civil complaints of alleged misconduct on the part of the New York Police Department. After being promoted to Senior Investigator, she decided to move on to begin her career in real estate brokerage. Kate is now a licensed real estate salesperson who has handled more than one hundred New York City real estate transactions. Mike and Kate now work together from their TriBeCa office in New York City. Together they service clients in residential and commercial brokerage throughout the boroughs. The team also considers investment opportunities in multi-family properties, mortgages, and trust deeds, nationwide. During their free time the two enjoy travel, good wine, great food, and friends. They have advanced certifications in deep water scuba diving and are avid skiers and snowboarders. They reside in Greenwich Village in New York City. If you are interested in purchasing, selling, or leasing residential or multi-family property in New York, California, or Massachusetts, please contact the Akerly Real Estate Team at (212) 400-4838 or via e-mail at KeytotheCity@AkerlyRE.com.
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