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Nadji: “No Time Bombs Around the Corner” for U.S. CRE
Even as international trade tensions simmer over the Trump administration’s protectionist policies, the unease hasn’t carried over to investment in this country’s real estate, Marcus & Millichap CEO Hessam Nadji told Bloomberg TV. Buyers continue coming into U.S. markets from north of the border, as well as across the pond.
“U.S. commercial real estate is really standing out to global investors from a variety of countries,” said Nadji. That’s because “the yield profile of our asset class is very competitive. We’re not overbuilding, and haven’t overleveraged. So there’s no real time bombs around the corner for U.S real estate.”
The Canadian market in particular, where Marcus & Millichap has been expanding the reach of its services recently, represents about 30% of all cross-border capital flow into U.S. CRE. It’s also a vibrant economy and vibrant CRE market in its own right, “which we want to be a participant in,” added Nadji.
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