Experience Stern | News & Events

Excerpt from Details -- "'If you're a Brazilian billionaire, moving money offshore into a Manhattan apartment is a good idea,' says Stijn Van Nieuwerburgh, the director of the Center for Real Estate Finance Research at NYU Stern School of Business. 'The market hasn't peaked yet. It's a stable currency. And these foreign investors aren't looking for a 5-to-7-percent return on their investment. It's a trophy asset, a luxury good.'"

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