MIAMI—Foreign investors are looking to Miami, but in what cities and nations should Miami investors—and investors from other parts of the nation—be looking to park their cash for strong returns? We caught up with Tim Gifford, CBRE senior vice president of Capital Markets, to get his take on that topic in this two-part exclusive interview.

GlobeSt.com: In terms of "risk" and "reward," why should institutional investors put their money in Latin American countries versus more mature markets in the U.S., Europe or Asia?

Gifford: First, the demographics are in its favor—you have a large emerging middle class and a perfect population bell curve—almost 50% of the population is 25 years old or younger. Second, Latin America's GDP growth is expected to be second only to Asia, outperforming North America and Europe.