Investors looking outside U.S. for opportunities

04/28/2008 | InvestmentNews (free registration)

Uncertainty about the impact the economic turmoil in the U.S. will have on the real estate market, investors such as Simon Property Group Inc., Kimco Realty Corp. and ProLogis are setting their sights abroad in search of returns from developing markets. Many are taking advantage of the REIT structures that have spread to various countries in recent years. "REITs have become an attractive way for investors to go global," said Keith Pauley, chief investment officer at LaSalle Investment Management Inc.

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