After a pandemic-related slowdown, cross-border investment in US commercial real estate is on the selective rise.

"We did see a slowdown [of international investment] during the pandemic," Riaz Cassum, executive managing director and global head of international capital at JLL Capital Markets, tells "A lot of it was related to travel restrictions and difficulty in terms of being able to look at real estate, meeting with operating partners, et cetera."

But there's a big U-turn in process. "Most investors, both institutional and private high net worth, are allocating more of their investable assets to commercial real estate," Cassum says. "The reason being real estate has performed well through the last few cycles." He sees pension and sovereign wealth funds upping their previous real estate investments from 7% to 8% of their portfolios up to 10% and more.

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