Profitable alternative to an office market with a cloudy future
Does anyone actually know what "multi-family" means when it comes to real estate? Well foreign investors didn't until recently. According to the NY Times, international investors now spend just as much money, if not more, on apartment buildings as they do on regular old office buildings.
Foreigners aren't used to the way American's live in apartments or condos or town homes. They are slowly learning about the benefits and profibility of these large investments. Now that the idea has been brought to their attention, these outside commercial investors are loving adding these multifamily buildings to their financial portfolio.
"In 2019, the share of overseas investment into real estate in the U.S. that was going into office properties was at 43%. That is now reduced to 31%. Then you have the corresponding increase in the same period of time into multifamily from 25% of the total to 31%." says Alex-Foshay, vice chairman and head of Newmark Captial Markets' International Captial Markets Division (based in NYC) "But as we move out of the pandemic and office stabilizes as an investment class, we are going to see more investment … there will be a leveling off in terms of these percentage allocations. I don’t see multifamily correcting dramatically in the allocation of overseas capital. It will probably move somewhere in the high 20s to mid-30s percent allocations going forward."
Foreigners aren't used to the way American's live in apartments or condos or town homes. They are slowly learning about the benefits and profibility of these large investments. Now that the idea has been brought to their attention, these outside commercial investors are loving adding these multifamily buildings to their financial portfolio.
"In 2019, the share of overseas investment into real estate in the U.S. that was going into office properties was at 43%. That is now reduced to 31%. Then you have the corresponding increase in the same period of time into multifamily from 25% of the total to 31%." says Alex-Foshay, vice chairman and head of Newmark Captial Markets' International Captial Markets Division (based in NYC) "But as we move out of the pandemic and office stabilizes as an investment class, we are going to see more investment … there will be a leveling off in terms of these percentage allocations. I don’t see multifamily correcting dramatically in the allocation of overseas capital. It will probably move somewhere in the high 20s to mid-30s percent allocations going forward."
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Gary Burmylo
Agent | BSL3576128
Gary Burmylo
Agent | BSL3576128
Gary Burmylo brings with him an impressive background of valuable insight and real estate market knowledge spanning over 25 years. Before transitioning to Southwest Florida real estate, his accomplished career began in the NJ / Philadelphia area having forged his management consulting expertise working with Fortune 1,000 Companies like QVC, Penn Medicine, and CBS Television Studios to enhance their people, processes, and technology. Owner of a real estate investment firm having purchased, designed, renovated, rented, and sold dozens of his own properties, his acquired skills play a significant role in assisting buyers and sellers to visualize the potential of their current or future properties. Gary is an active member of the Bonita Estero Realtors Association. He is exceptionally proud to be associated with Orchid Realty International, where he has access to the latest technology and an extensive wealth of resources, in addition to a growing database of international buyers, sellers, and investors to further assist his clients.
Gary continues to diligently stay abreast of current market trends, and he can quickly assess whether an investment makes financial sense. Excellent negotiation skills and effective communication are the benchmarks of his success. He is organized, patient, and his client’s strongest advocate. His top priority is to provide an incomparable level of service regarding each transaction, from contract to closing.
In his free time, Gary enjoys hiking, boating, and playing with his trusted Aussiedoodle Guddu. He and his wife, Kim who owns Visiting Angels Home Care love giving back to the community and currently live in Estero.
Gary Burmylo brings with him an impressive background of valuable insight and real estate market knowledge spanning over 25 years. Before transitioning to Southwest Florida real estate, his accomplished career began in the NJ / Philadelphia area having forged his management consulting expertise working with Fortune 1,000 Companies like QVC, Penn Medicine, and CBS Television Studios to enhance their people, processes, and technology. Owner of a real estate investment firm having purchased, designed, renovated, rented, and sold dozens of his own properties, his acquired skills play a significant role in assisting buyers and sellers to visualize the potential of their current or future properties. Gary is an active member of the Bonita Estero Realtors Association. He is exceptionally proud to be associated with Orchid Realty International, where he has access to the latest technology and an extensive wealth of resources, in addition to a growing database of international buyers, sellers, and investors to further assist his clients.
Gary continues to diligently stay abreast of current market trends, and he can quickly assess whether an investment makes financial sense. Excellent negotiation skills and effective communication are the benchmarks of his success. He is organized, patient, and his client’s strongest advocate. His top priority is to provide an incomparable level of service regarding each transaction, from contract to closing.
In his free time, Gary enjoys hiking, boating, and playing with his trusted Aussiedoodle Guddu. He and his wife, Kim who owns Visiting Angels Home Care love giving back to the community and currently live in Estero.