Canadians and Brits have long been significant investors in US real estate and Florida is one of their most sought after markets. We posted on here recently about the pick up in activity many of us have seen in regards to inquiries about real estate investments from international buyers. We are headed to the Overseas Property Professional show in London this week and are anxious to check the pulse of the world markets. News from the Expo Real show for commercial real estate, held in Munich earlier this month, was surprisingly upbeat. We will definitely provide an update on the show upon our return to the US next week.
In the mean time, we came across this article regarding RioCan’s (Canada’s largest REIT and retail landlord) increasing interest in the US market.
RioCan Real Estate Investment Trust, the largest real estate investment trust in the country, is getting closer to a major move into the United States –even getting RBC Dominion Securities’ opinion on a potential deal.
“We are looking around down in the United States,” Edward Sonshine, chief executive of RioCan, said in an interview with the Financial Post. “There are just so many opportunities down there. There will be individual opportunities that we will ask one of the investment-banking outfits to look into for us.” (…..complete article on RioCan’s search for US commercial real estate )
