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Article: Prospects soar for investing in real estate in Europe.(Brief Article)(Statistical Data Included)
- Article from:
- Investment Dealers' Digest
- Article date:
- August 14, 2000
- Author:
CopyrightCOPYRIGHT 2000 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the real estate investing market in the U.S. shows signs of topping off, countries in the throes of restructuring, such as Germany, Italy and Spain, are drawing new interest from real estate investors, mostly private equity funds associated with major U.S. investment banks. New opportunities are also cropping up abroad in the securitization of international real estate assets, as U.S. commercial mortgage-backed issuance slid a steep 20% in the year's first half. "The perception is that there is more opportunity abroad," said John Zehner, head of J.P. Morgan's global investments real estate group, which has doubled in size over the course of the year. Zehner, who is ...