Corrections in US capital markets open up opportunities for investments
"Institutional investors realize that the corrections occurring in the US capital markets hold potential for investments in the commercial US real estate market", said Jim Neal, President and CEO of Metzler North America Corporation, on Thursday, November 15, 2007 during a press conference at the Bankhaus Metzler. He emphasized that this trend will continue. "The high-leveraged buyers have been pushed out of the market as a result of the credit crisis. Accordingly, cap rates have stabilized on core real estate and have moved upward in the riskier sectors and tertiary markets. These facts combined with a record-low dollar and strong underlying property fundamentals make for an opportune time to invest in the US real estatemarket," said Jim Neal during the press conference at the Bankhaus. In reaction to this assessment Metzler Real Estate is now issuing their new Fund MUSREF II.
Metzler’s Real Estate Fund MUSREF II is a real estate fund for a broadly diversified circle of reputable German institutional investors, which will invest into 15 to 20 core plus and value add assets at a price range of USD 30 to USD 80 million each. Market focus will be the west and east coasts of the United States, particularly regions showing good underlying economic and strong employment growth. Targeted fund life, which includes an investment period of 2 to 8 years.
Metzler has been active in the North American real estate market for over 30 years from its headquarters in Seattle and its branch offices in Atlanta, Los Angeles and New York. Specialists on site in Frankfurt are responsible for client relations and structuring.
Nucleus of Metzler is Frankfurt’s Bankhaus B. Metzler seel. Sohn & Co. KGaA, the oldest German private bank under continuous leadership of the Metzler family. Since its inception in the year 1674, Metzler developed from a trading house to an international universal bank and eventually evolved into a modern investment and asset management bank. Metzler’s focus is
the individualized advisory service to their institutional and highly sophisticated private clientele in the core areas of business of Asset Management, Corporate Finance, Equities, Financial Markets and Private Banking.
Contacts
Sabine Vlieghe
Geschäftsführerin Metzler Real Estate GmbH
Telefon (0 69) 21 04 45 98
E-Mail:SVlieghe@metzler.com
Jörg-Matthias Butzlaff
Leiter Unternehmenskommunikation
Telefon (0 69) 21 04 - 49 75
E-Mail: mbutzlaff@metzler.com
