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Hi All,
Good article:
More and more U.S. real estate investors are turning their attention to Japanese commercial property ventures that include investing in everything from warehouses to shopping malls, even though some veteran investors say the big money in this market has already been made.
Americans' interest in Japanese properties began in the mid-1990s when several U.S. banks first approached the country's downtrodden market with caution, acquiring individual office properties and apartment mortgages.
The renewed interest today stems in part from a growing recovery of Japanese property prices following more than 10 years of declines.
Among the newer opportunity funds that still believe there is much money to be made in Japan are LaSalle Investment Management, which recently increased its budget for buying Japanese properties; Aetos Capital, which launched a $740 million fund two years ago for the purposes of acquiring Japanese real estate; and, finally, Colony Capital, which plans to gobble up about $2 billion worth of commercial space in Japan over the next few years.
Source: Wall Street Journal (09/07/05); Haughney, Christine
Japan is back in favour - due to rising property prices.
Cheers,
Donna
Good article:
More and more U.S. real estate investors are turning their attention to Japanese commercial property ventures that include investing in everything from warehouses to shopping malls, even though some veteran investors say the big money in this market has already been made.
Americans' interest in Japanese properties began in the mid-1990s when several U.S. banks first approached the country's downtrodden market with caution, acquiring individual office properties and apartment mortgages.
The renewed interest today stems in part from a growing recovery of Japanese property prices following more than 10 years of declines.
Among the newer opportunity funds that still believe there is much money to be made in Japan are LaSalle Investment Management, which recently increased its budget for buying Japanese properties; Aetos Capital, which launched a $740 million fund two years ago for the purposes of acquiring Japanese real estate; and, finally, Colony Capital, which plans to gobble up about $2 billion worth of commercial space in Japan over the next few years.
Source: Wall Street Journal (09/07/05); Haughney, Christine
Japan is back in favour - due to rising property prices.
Cheers,
Donna