SARE will own R4.53bn worth of long-stay hotel assets in the US
Alistair AndersonSA property group Stonewood Alchemy Real Estate is making its second investment in the world’s largest commercial property market, the US.
Most of these new properties are located in the “Smile States”, in particular Nevada, Texas, Oklahoma, Arizona, Colorado, New Mexico and Florida. SA companies had avoided the country in the past because of factors such as time-zone differences, having insufficient capital to make significant investments in a market worth more than a trillion US dollars, and a lack of market knowledge.SARE is not yet open to the SA public. It was formed for high-net-worth SA investors and has found opportunities in specialised property. It invests in long-stay hotels with the help of US partners.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tiger Woods to ignite Presidents Cup as US look to extend reignA biennial tournament that has struggled for relevance under a heavy weight of American supremacy will roar back into life when Tiger Woods returns to the Presidents Cup as a playing captain at Royal Melbourne this week.
Read more »
Catch us if you can, Chiefs warn their foesAbsa Premiership log leaders Kaizer Chiefs have thrown down the gauntlet to the chasing pack, telling them to “catch us if you can” after a come-from-behind 5-3 victory over Bloemfontein Celtic
Read more »
Saudi airman in U.S. for training suspected in deadly shooting at Florida naval baseThe shooting, which played out over two floors in a classroom building at the base, marked the second deadly shooting at a U.S. military installation this week, following a similar incident at the joint Air Force and Naval base at Pearl Harbor Wednesday.
Read more »
Uber reveals thousands of reported sexual assaults in USNearly 6,000 sexual assaults, including more than 450 cases of rape, were reported to Uber in the United States in 2017 and 2018, the ride-sharing company said Thursday.
Read more »
Shooter and one other person dead after attack at US navy baseThis is the second deadly shooting at a US military installation this week, and the circumstances of the episode remain unclear
Read more »
Gunman at US military base showed mass shooting videos at party: reportThe Saudi military student who carried out a deadly shooting spree at a US naval base showed videos of mass shootings at a dinner party the night before the attack, US media reported Saturday.
Read more »