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Foreign Investors Eye US Real Estate, Mortgage Assets
Aug 17, 2009The week began with some good news in the secondary space, as reports circulated that foreign investors are warming up to US real estate-related assets. Real Estate Investment Trust (REIT) UDR Inc. [stock UDR][/stock] on Monday unveiled a joint venture with leading Islamic bank Kuwait Finance House (KFH), to invest up to $450m in high income multifamily properties.