The How and Why of Buying Property Abroad



Because this is a web post and not a ten volume work of international real estate, we’ll have to limit ourselves to very general explanations. But this may be sufficient to make interested parties out of those on the fringe, and action-takers of the people already interested. There are many reasons that people buy property […]

Carrefour Sells 365M EUR of Property Assets



Being the world’s second retailer behind Wal-Mart has apparently not rendered Carrefour immune from the global real estate crisis. The french retailer announced Tuesday that it has sold 97 of its supermarket properties to an asset manager. The total amount for all sales is 365 million euros or $476.91 million. La Française AM the buyer, […]

Phoenix Realty Group Acquires Three Apartment Properties



Phoenix Realty Group (PRG) announced the acquisition of an apartment portfolio for three properties containing 432 units in San Bernardino and Highland, California.  The entire portfolio sold for $21.5 million, and Phoenix acquired it from a lender that had taken over the assets in 2009. The properties had gone through a period of distress and […]

AvalonBay and UDR Swap $500 Million in Assets



Ever so often, it is a good idea to trade with your friends.  In the end, you both get new toys and it does not cost you any money.  AvalonBay and UDR decided to swap assets from their apartment community portfolios this week, leaving each with a new set of toys. The $500 million transaction […]

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