By David McGlothlin | AzBigMedia
Foreign investors are taking measured risks in secondary and tertiary markets in order to secure yield premiums on their investments that are unavailable in more traditional gateway markets.
Historically, foreign investments into the United States real estate market have predominately involved assets and projects in gateway markets like, San Francisco, Los Angeles, New York and Boston. The recent $950 million portfolio deal for 48 properties across 20 states signifies a shift in foreign investment strategy away from traditional gateway markets and into secondary markets like Phoenix.
