Gordon J. Whiting, managing director, Angelo, Gordon & Co.
NEW YORK CITY—“The biggest surprise to me was the introduction of foreign capital into net lease, and how really aggressive the investors are,” says Gordon J. Whiting, managing director, Angelo, Gordon & Co., a privately-held registered investment advisor focused on alternative investments, which manages approximately $28 billion. “They are coming into less than investment grade, net leasing industry space in secondary locations.”
Foreign capital has long pursued trophy assets such as the Waldorf Astoria, and buildings on Park and Fifth avenues. But now many Asian and Middle Eastern countries are investing in industrial portfolios with real estate in secondary markets all over the country.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
