‘Volatility Creates Opportunity’

In the formerly active London market, “almost any prudent buyer is frozen in place,” says Dickerman.

NEW YORK CITY—Madison International Realty’s founder and president, Ronald Dickerman, invests in both gateway US markets and in Europe, and therefore he’s keenly aware of the uncertainty and volatility at work in the global socioeconomic environment, as well as the caution creeping into the market. It’s an environment, though, that creates opportunities for prudent investors.

Within the past few months, the New York City-based private equity firm has taken stakes in St. Stephen’s Green, a shopping center in the heart of Dublin; the Sierra Portugal Fund, which owns interests in nine Portuguese shopping centers; and 550 Kearney St., a San Francisco office property popular with the city’s tech tenants. Globe.St.com caught up with Dickerman last week to get his take on the current market.