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Real Estate News: Foreign Real Estate Investors Target Boston

Screenshot (215)According to a recent survey from the Association of Foreign Investors in Real Estate, Boston ranked in the Top 5cities for foreign real estate investorsand thusis expected to see a flood of foreign investmentsin 2016 .

The Seaport District (one of the fastest growing neighborhoods) and Downtown Crossing have already begun to see these investments. TheGodfrey Hotel in Downtown Crossing was acquired by a German Investor and multiple office projects in the Seaport were acquired by investors in Germany and Sweden.

Its got all the things that they like, said James Fetgatter, AFIRE's CEO. Its barrier to entry is very high. It has a vibrant urban core. Its got the educational institutions. And for the Europeans, it looks like a European city. ... Thats a subtle thing, but certainly for the Germans and the other European investors, its a city that they can feel comfortable in.

Boston had not been ranked amongst the top 5 cities for the past three years the survey says. Since then, the city has seen a heightened increase in interest over the past 2 years and is only expected to grow in the coming years.

Source: Boston Business Journal

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