Home > Commercial Real Estate News > Canada’s Oxford Properties thinks U.S. Real Estate Looks Ripe | #cre #ccim #sior

Canada’s Oxford Properties thinks U.S. Real Estate Looks Ripe | #cre #ccim #sior


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By CRAIG KARMIN And ELIOT BROWN

The Canadians are coming.

Pension funds north of the border have poured about $9 billion into U.S. commercial real estate in the past three years, after largely steering clear of owning hotels, office buildings and apartments in the U.S. before then.

While there are only a handful of big funds that are active abroad, they are having a disproportionate impact on the U.S. market by funding ambitious plans that domestic investors have been afraid to touch.

Canada’s Oxford Properties is partnering with New York developer Related Cos. on the proposed Manhattan development, shown in a rendering.

Canadians funds see value in the U.S. as they expand beyond their own overheated property market. And, since the Canadian market wasn’t hit as badly as the U.S. during the financial downturn, these pension funds are less gun shy about putting money to work in riskier projects.

Ivanhoe Cambridge, the real-estate investor for Caisse de depot et placement du Quebec, in May said it was investing $300 million to build a%2

via To Canadian Funds, U.S. Real Estate Looks Ripe – WSJ.com.

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