Real estate ETF funds are raking in cash, benefitting from a housing shortage, the need for more data storage and industrial assets.
Starwood Capital Group, Greystar and Invitation Homes Inc. are among those investing in the firm’s new $165 million fund.
Because of the strength of the state’s multifamily market, investors are targeting Florida in a big way.
With the likes of Goldman Sachs and Point72 Asset Management opening outposts in the city, it’s becoming a hot CRE market.
Many developers are hoping rising rents will eventually make up for the higher costs to build new projects.
Talks will continue next month, when Italy hosts Yellen and colleagues for a Group of 20 meeting.