Neil Kozokoff: Foreign Investors Flock to Florida Real Estate
Many Foreign Investors Are Showing an Interest in Florida Real Estate; This Trend Has Won a Comment From Neil Kozokoff
(firmenpresse) - WEST PALM BEACH, FL -- (Marketwired) -- 05/09/13 -- According to a recent in Sarasota, Florida's Herald-Tribune, many foreign investors are unaware of the promising investment opportunities found in the Sunshine State's real estate market -- but local realtors are doing everything they can to change that. The article claims that real estate professionals throughout Florida, and especially the Sarasota region, are aiming their efforts are investors from Europe, Latin America, and even Canada -- and many of those investors are obliging. The article has won the attention of , himself a long-time Florida real estate investor.
Neil Kozokoff is the President of The Parkland Companies, a holding company that invests in, and develops, properties in the West Palm Beach area, and a principal in Pensam Capital, a large, Miami based syndicator of apartment projects around the country. He has issued a new statement to the press, commenting on the Herald-Tribune article and affirming the investment opportunities afforded by Florida's real estate markets.
"The United States has re-established its place as the world's safest place for investment," opines Neil Kozokoff, in his new press statement. "Florida offers an unbeatable combination of hard asset investment and appealing places to go -- and that is true no matter which city or part of the state you are in." Kozokoff predicts that this combination will "once again drive a boom in Florida real estate" in the months to come.
The article in the Herald-Tribune notes that drawing foreign investors has long proven an alluring strategy to Florida brokers. It is even more appealing now that it is seen as a way of unloading a large inventory of million-dollar properties.
The strategy has already proven effective in many of Florida's largest cities, especially Miami. The article notes that, in Miami, Brazilian and other South American investors have showed up in droves, and have effectively steered housing recovery while prompting the construction of new condominium developments.
Even so, some experts believe the foreign investor strategy poses an "uphill battle" for Florida real estate brokers. Some of the reasons for skepticism include a less favorable exchange rate than in years past, and continuing economic unrest throughout Europe and other parts of the world.
International visits to the Sarasota region have increased, though real estate sales have not; one reason, according to the article, is that the area does not have easy, direct flights to Europe, whereas larger Florida markets do.
Even so, the article notes that many Florida real estate experts believe the second-homes market is set to expand, particularly as foreign investors start trending younger and experience a desire to build strong real estate portfolios.
ABOUT:
is the President of The Parkland Companies, a holding company specializing in property investment, development and management in the notable area of West Palm Beach, Florida. As a professional with a background in real estate law, Neil Kozokoff has had the market proficiency to expertly spearhead several projects in urban development. Neil Kozokoff's background in the acquisition, operation and management of large apartment complexes recently led him to join Pensam Capital as a principal. At Pensam Capital, Kozokoff focuses on real estate deal structuring and capital formation.
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Datum: 09.05.2013 - 04:00 Uhr
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