The Biggest Growth in Real Estate Stocks is Overseas Market Capitalization and Number of Issues. Dec 1995-Sept 2007
In addition to electricity, water, and transportation assets, our friend Chris Mayer has highlighted the most essential of infrastructure investments: land. Last October, we featured Chris' commentary on the huge global trend of converting privately held real estate assets to publicly held real estate assets.
Put simply, the developing economies of Asia, Latin America, and Eastern Europe have tremendous amounts of private land to be converted into public holdings like we've done here in the U.S. Over the next few decades, fortunes will be made owning the right shopping malls, warehouses, apartment buildings, and office parks.
This week's chart – originally featured in Chris' January Capital & Crisis issue – illustrates the rapid growth of this trend.
– Brian Hunt
Caspermick
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