Jay Leupp, managing director and senior portfolio manager at Lazard Asset Management, joined REIT.com for a video interview at NAREIT's 2017 Washington Leadership Forum at The Hay-Adams.
International markets have settled down in the wake of last year’s U.S. presidential election, according to Leupp. “That bodes well for the real estate markets, particularly the publicly traded real estate equities around the world,” he added.
Mexico and China are two international markets that are being overlooked right now, Leupp observed. Some of the talk about international trade from President Donald J. Trump and other political pundits “really has put a damper on the outlook, particularly Mexico, for equities, in general, and real estate, in particular,” he said.
“We think that’s a buying opportunity. We really like the fundamentals in both of the countries,” Leupp said.
Leupp also said he expects to see more international REITs surface.
“We are very bullish about the prospects for real estate and real estate-related structures throughout the world,” he noted.