Dallas-Fort Worth took second place for property investment, according to CBRE’s Americas Investor Intentions Survey 2017. The North Texas region ranked behind Los Angeles, and edged out New York City for the second-place honors.
“The Dallas/Fort Worth industrial market is universally considered to be one of the top four markets in the U.S., after Los Angeles, Northern New Jersey, and Chicago,” said Jack Fraker, with CBRE Capital Markets.
Added Chris Hipps with CBRE Investor Services: “Dallas/Fort Worth continues to be a very attractive market for institutional and private equity investors. Our sustained job growth over the last seven years, with no apparent reversal in sight, is providing lift across numerous asset classes.”
Overall institutional investors, which are made up of sovereign wealth funds, insurance companies and pension funds, intend to be strong net buyers in 2017. Institutions are interesting in core assets, followed by value-add opportunities.
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