Schwartz: Asia presents growth opportunities for REITs

04/15/2011 | REIT.com

Asia is still fueling growth opportunities for REITs and other property companies despite the recent natural disasters in Japan, says Jeffrey Schwartz, co-founder and chairman of REIT Global Logistic Properties in Singapore. China and India, in particular, are growing faster than the more developed areas of North America and Europe, he says, pointing to China's industrial market. It "has 1/12th the distribution space per capita that the U.S. does. And there is no reason for that given the growing domestic consumption and middle class there. Out of that 1/12th, 90 percent of that is totally functionally obsolete," he says.

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