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DUBAI: Center East-based buyers are extremely interested in the U.S. actual property market resulting from its stability, safety, and development. To fulfill this elevated investor demand, Glenwood Fairness has partnered with U.S.-based Patel Household Workplace to arrange new bases of operation in Abu Dhabi, Riyadh, Sharjah, Kuwait, Bahrain, Istanbul, Jeddah, Oman, Qatar, and Doha.
The native bases will liaise with the partnership’s Dubai hub to assist excessive internet value non-public buyers, wealth advisers, and strategic companions searching for asset backed , capital-protected, structured alternatives. An unique by-invitation launch occasion for choose skilled buyers can be held on the Dubai Worldwide Monetary Centre (DIFC)’s Capital Membership on February 2.
“The time to put money into U.S. actual property is now, as evidenced by one of many largest sovereign wealth funds ADIA, which elevated its goal allocation from 45% to 60% in 2023, PIF, Abu Dhabi Royal, and others growing their U.S. publicity to capitalise on development from the resurgence of oil costs and to strengthen their world diversification. The united statesis a pacesetter in capital outflows from the Center East and co-investments are a method that buyers search for to share the danger and enhance diversification throughout financial uncertainty,” mentioned Rebecca Moreira, co-founder and managing accomplice of Glenwood Fairness (left).
After serving to 500+ HNI/UHNI buyers within the final seven years to establish and put money into among the nice actual property belongings in the US, now Glenwood Fairness the worldwide asset supervisor, is launching the newest UAE-born co-investment alternative FinTech platform centered on fulfilling the necessity for world diversification in the true property sector by partnering with Patel Household Workplace.
Co-investments present a wealth of advantages to buyers’ portfolios and the UAE is on the coronary heart of this platform’s inception by permitting buyers to entry unique institutional grade funding alternatives which might be usually wolfed up by the likes of institutional buyers equivalent to BlackRock , Goldman Sachs, Blackstone, and others.
The U.S. was a worldwide chief in industrial and housing hire will increase in 2022. The U.S. business actual property market is estimated to be a $20T greenback business, and buyers now have an array of choices throughout multi-family, healthcare infrastructure, hospitality, land, and specialty actual property to fulfill their diversification technique wants.
“In the previous couple of years, our household workplace has been approached by a variety of substantial households within the UAE and Saudi Arabia to supply co-investment insights based mostly on our expertise in investing, proudly owning, and managing properties by way of a number of actual property cycles. It’s subsequently a pure extension of our work to assist excessive internet value buyers and household places of work within the MENA area to construct and defend wealth through entry to high-performing actual property in the US,” mentioned Dipika Patel, Chairwoman of Patel Household Workplace and board member of Glenwood Fairness.
“With regards to actual property funding, the U.S. is the most most popular market and U.S. actual property is probably the most most popular asset class for all of the Center East- based mostly sovereign wealth funds, in accordance with Sovereign Wealth Fund Institute analysis, (SWFI). In line with the SWFI, on the subject of retail buyers, actual property as an funding asset class represents 30–40 p.c of the portfolio. For high-net-worth investor portfolios, actual property represents 25 p.c of the portfolio and for institutional buyers, actual property represents as much as 20 p.c of the portfolio.”
“Given our expertise, we view the outflows into the US by Center Jap buyers as a complement and complement to their investments at residence. Two attention-grabbing traits we have famous are that Saudi Arabian buyers desire U.S. actual property over Europe, and that many expats within the Center East search to spice up allocations to U.S. actual property as a part of their quest for USD revenue. Glenwood helps these buyers through entry to on-the-ground intelligence, a huge deal-sourcing community, and, maybe most significantly, a sturdy native presence in key Center Jap locales,” mentioned Ms. Moreira.
Additionally printed on Medium.
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