James A. Fetgatter, chief executive officer of the Association of Foreign Investors in Real Estate tells GlobeSt.com., “I think what is happening is that investors are looking for alternatives to the U.S. and Europe, but they are not planning on abandoning these markets.”
An association survey of members offers one suggestion as to how to get foreign investors to refocus on the U.S.: a tax regime that doesn’t impose additional taxes on their transactions. That means a change to or repeal of Foreign Investment in Real Property Tax Act, or FIRPTA.
