International Investors Find Stability and Growth Opportunities in US Real Estate
While rising interest rates and construction costs are slowing down real estate investment in the US, international investors remain undeterred. They see the US as a stable and lucrative market for high-quality properties, especially in prime locations like New York City, Miami, and Los Angeles. In this article, we’ll explore why international investors are still confident in the US real estate market and the growth opportunities they find in these major cities.
US Real Estate: A Stable Investment for International Investors
Discover why international investors see the US as a stable place to invest in real estate despite challenges.
Despite rising interest rates, capital hesitance, and construction costs, international investors continue to view the US real estate market as a stable and lucrative investment opportunity. The long-term demand for high-quality properties in prime markets like New York City, Miami, and Los Angeles outweighs the current capital market conditions.
International investors are attracted to the stability and growth potential offered by the US real estate market. They see real estate as a valuable asset class that can preserve value against inflation, especially in countries with high-inflation economies like Turkey.
Challenges of Real Estate Financing in Turkey
Explore the difficulties international investors face when securing financing for real estate projects in Turkey.
Securing financing for real estate projects in Turkey is more challenging compared to the United States, even in today’s market conditions. Limited access to debt and the absence of capital markets make it difficult for investors to fund their projects.
According to Sinan Temo, CEO of BLG Capital, a Turkish private equity real estate firm, the lack of financing options in Turkey was the driving force behind the establishment of BLG Capital. The firm adopted the practices of US and Western institutions to overcome the financing hurdles.
BLG Capital: Finding Opportunities in the US Real Estate Market
Learn how BLG Capital, a Turkish real estate firm, is capitalizing on opportunities in the US market.
While some US developers are hesitant to invest in real estate due to market uncertainties, BLG Capital sees ample opportunities in the US market. The firm leverages its expertise in development and historic preservation to revitalize properties and meet the demand for high-quality spaces.
BLG Capital has an impressive track record of historic preservation projects in Istanbul, including the renowned Akaretler Row Houses. In the US, they restored the iconic Coca-Cola Building in Manhattan, attracting tenants with its rich history and modern amenities.
Since 2018, BLG Capital has been involved in ground-up development projects in the US. Their latest venture, the 125 Greenwich residential skyscraper in downtown Manhattan, showcases their commitment to growth and innovation.