Cityscape USA will unite emerging market and US real estate professionals September 9, 10, 11 & 12 in NYC’s Jacob Javitz Center NEW YORK--(BUSINESS WIRE)--As the economy softens in the US and emerging markets continue to thrive, foreign investors are purchasing US properties in a growing trend that includes the Abu Dhabi Investment Council’s, a sovereign wealth fund, purchase of a 75% stake in the Chrysler Building. These topics, among others, will be examined by leaders from around the globe at Cityscape USA – a large-scale networking exhibition and conference where US real estate industry professionals will have access to and network with some of the biggest names in the emerging world. “According to the most recent survey published by the Association of Foreign Investors in Real Estate (AFIRE), more than 50% of foreign investors’ real estate capital scheduled to be invested around the globe in 2008 ($1.692 billion) was earmarked for investments in the US. Of the $700 billion in real estate assets held by the non-US investors who comprise AFIRE’s membership, $230 billion, or roughly one third of total real estate holdings, are based in the US,” says Geoffrey Dohrmann, President, CEO, Publisher and Editor-in-Chief, Institutional Real Estate, Inc. Geoffrey Dohrmann will be speaking at the Cityscape USA conference about institutional investors’ perspective on emerging market real estate opportunities. While there is an influx of capital into the US from overseas, American real estate investors are also increasingly focusing on opportunities in emerging markets. Real estate capital from the US to Europe and Asia is amongst the largest flows of investment in the world. “According to data compiled for the Institutional Real Estate Universe by Institutional Real Estate, Inc., 77% of the 635 private equity fund offerings seeking to raise capital around the globe were focused on global and international strategies. That represents roughly $420 billion of the $545 billion currently being offered by these fund managers,” says Dohrmann. Cityscape USA has attracted support from major industry firms including investment sponsor, Dubai-based Nakheel; platinum sponsor, US-based CityCenter; as well as silver sponsors US-based ING, Savannah, and Capri Capital Partners.
