Posted by Russell Malayery, CCIM
at 04:56 PM on January 25, 2009
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According to Douglas Sams of Atlanta Business Chronicles in the Friday January 23rd print issue the small foreign investors who have been absent since the 90's are coming back to buy commercial real estate in the United States and specifically in Atlanta area.
He explains that "... They are looking for U.S. real estate at bargain prices. And, as they have in other downturns in the early 70's and late 80's, they will hope to benefit from being among the few movers and shakers in the investment game amid a shortage of U.S. capital. The euro is also stronger than the U.S. dollar ? another reason some European investors may have incentive to buy American commercial properties."
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Categories: Office, Atlanta Economy, General