November 22, 2024 7:51 am
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Real estate boom not over, expert says

Blackstone_Logo1By Jeff Cox | CNBCcom

U.S. commercial real estate is the midst of a big foreign investment boom that is likely to continue, according to one prominent expert.

China is leading the boom, but money also is coming from Canada, Norway, the Middle East and elsewhere, Jonathan Gray, global head of real estate at Blackstone, said at the Delivering Alpha conference presented by CNBC and Institutional Investor.

While under other circumstances a big inflow of foreign capital might indicate the market was about to hit a top, Gray said that’s not the case this time around.

Continued:

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