James Fetgatte
Geld Galore! New York Investors Pour $50 B.-Plus into Overseas Real Estate
Dan Fasulo.
New York real estate investors are increasingly sending their money overseas, and their favorite targets are, in descending order, Germany, Australia and Japan, according to a report to be released this week.
“It’s increasing big time,” said Dan Fasulo, managing director of research for Real Capital Analytics, which produced the report.
Mr. Fasulo said the precise amounts of money invested by specific New York City investors wouldn’t be included in the report (nor would the amount breakdown by country), since the information is proprietary. But, he said, New York investors have spent more than $50 billion on foreign commercial real estate in the past two years. read more »
