Foreign Investor Group Moves Boston Up in Ranking

BOSTON-The Association of Foreign Investors in Real Estate selected this city as the third best US city for its investment dollars. Boston had been ranked number four for the past two years after coming in number one in 1997. This is the association’s ninth annual survey.

“This is an indicator of what the foreign investor is currently thinking,” Jim Fetgatter, CEO of AFIRE, tells GlobeSt.com. “If you look at the results over time you can tell what the trends are and where they are going. You get an idea of what kind of cities foreign investors like.”

AFIRE has 155 members from 17 countries who have $45 billion invested in US real estate.” These foreign investors represent significant real estate ownership in the country,” notes Kathryn Hamilton, spokesperson for AFIRE. “The survey becomes a barometer for trends in investment dollars in US real estate.”