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A majority of respondents, 56%, said the funds are a growing presence and are here to stay. 26% responded that the foreign money is a passing fancy, and 18% said the funds are a national-security threat. Calum Weaver is an associate of the multifamily private client group of CB Richard Ellis in South Florida. The group recently released a report focusing on foreign buyer interest in commercial real estate, especially multi-family properties. Weaver gives his take on sovereign wealth funds below;</i></b></p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">\"I think in general they are increasingly looking over here. That being said, despite a favorable exchange rate, that is not going to get the deals done. Deals have to pencil out in dollar terms. Anyone that thinks they're going to come in and buy all kinds of properties based on a favorable exchange rate is mistaken. These are very sophisticated groups that are going to underwrite a deal no different from someone that has U.S. dollars and is not taking advantage of a favorable exchange rate. However, I do think they are increasingly coming and are here to stay.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">\"Overall if you look at the U.S. market there are many positive aspects drawing these buyers. It's a relatively easy place to do business—not a lot of bureaucracy or getting bogged down as there is in other places. Despite some economic challenges right now, America is a safe place to do business, and I think sometimes we take that for granted. Foreign groups are looking for a good place to put their money.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">\"I think the foreign interest will help fill the void. In South Florida we're seeing a flight to capital of Latin America from people looking to get their money out. Condo converters in this area are largely out of the picture and these groups will come in and get some deals done. I don't see it as being a threat. We're in a global marketplace and that's the bottom line.\"</p>"],"slides":[],"video":null},"articlePackages":null,"youmightlike":null,"readnext":{"contents":[{"uri":"/2025/07/10/florida-ends-tax-on-commercial-rent-bringing-relief-to-tenants/","title":"Florida Ends Tax on Commercial Rent, Bringing Relief to Tenants","byline":"Anthony Russo","summary":"The removal of the tax will increase the state's competitive advantage and lure more folks to Florida. 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