ATLANTA – Atlanta and the Southeast are getting more attention than ever before from Israeli real estate investors, according to panelists at a recent breakfast seminar at Arnall Golden Gregory LLP.
“A lot of the buildings that we’re going to see out here are going to be owned by international interests,” said Abe Schear, a partner in Arnall Golden Gregory’s Real Estate Practice, pointing to a view of the city. “Almost everything is the right product.”
Mr. Schear, along with Conexx, a group that fosters business ties between Israel and the U.S., jointly put on the event, titled “Intellectual Capital: Atlanta’s Rise as a Deal-Making ‘Portal’ to U.S. for Israeli Investors.”
Mr. Schear was a panelist with Norman Radow, president of the Radco Companies, and Meir Matana, principal of Crown Holdings Group. Randall Foster, managing director of FOCUS Investment Banking, moderated the discussion.
Israelis are looking to deploy their capital and increasingly are drawn to Atlanta properties because of the good value compared to New York, San Francisco and cities abroad, the jobs market in the Southeast, and Hartsfield-Jackson International Airport.
“I definitely see more money coming from Israel,” with institutions taking a greater role, Mr. Matana said. Real estate investment opportunities in Israel are scarce and Israeli investor portfolios traditionally have been light on real estate, he added.
Crown Holdings invests primarily Israeli money in Southeast real estate. The 104-acre Riverwalk Village that’s planned for Roswell is a mixed-use project of Duke Land Group, a Crown Holdings subsidiary.
Mr. Radow’s Radco Companies invests in middle-market apartments. He cautioned that the biggest knock against Atlanta is its underinvestment in infrastructure compared to Denver and Oklahoma City, for example.
“That’s what people [investors] worry about,” he said.
Arnall Golden Gregory’s Israel Business Team is part of the International Business Practice. Mr. Schear and other Arnall Golden Gregory attorneys regularly visit Israel to assist businesses there with investing in the U.S.
About Arnall Golden LLP
Arnall Golden Gregory, with more than 150 attorneys in Atlanta and Washington, DC, employs a “business sensibility” approach, developing a deep understanding of each client’s situation in order to find a customized, cost-sensitive solution. A past honoree on The National Law Journal’s prestigious Midsize Hot List, the firm advises on corporate, litigation, regulatory and immigration matters for numerous industries, including real estate, business services, healthcare, life sciences, logistics and transportation, franchising, information services, energy, and manufacturing. AGG is a solutions partner that subscribes to the belief “not if, but how.”
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