Gil Dezer breaks down Miami’s value to Chinese investors: VIDEO

Miami /
Nov.November 29, 2016 12:45 PM

Though they’ve yet to become as much of a force as Latin Americans in Miami’s real estate market, the city’s developers are already trying to court investment dollars from across the Pacific Ocean.

Gil Dezer, president of Dezer Development, was doing exactly that last month when he attended The Real Deal’s second annual U.S. Real Estate Showcase & Forum in Shanghai.

Dezer stopped to catch up with TRD’s Managing Web Editor Hiten Samtani to explain why he believes Chinese buyers should be taking more of an interest in his stomping ground, Miami.

Mainly, he said, Miami’s prices are at a heavy discount compared to other major markets like New York. Condos at Dezer’s Hyde Midtown project are asking roughly $550 per square foot, and his oceanfront product is selling for $1,300 per foot — half the price of what can be found in New York, he said.

“With worldwide properties and the values they are, we are a bargain compared to everybody else,” he said.

Thousands of real estate players traveled to Shanghai in November to network with Chinese wealth managers, investors, buyers and realtors as part of TRD’s event. The two-day showcase featured eight discussion panels and workshops that delved into topics like the EB-5 visa program, the health of property investment in the U.S. and managing real estate overseas.


Related Articles

arrow_forward_ios
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
LCOR's Anthony Barsanti and Anthony Tortora with 1775 Biscayne Boulevard (LCOR, Zillow) Arts & Entertainment District
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
Developer pays $49M for Arts & Entertainment District dev site with plans for 540-unit rental tower
From left: Edgardo Defortuna, Stephen Ross and Gil Dezer (The Related Companies, Fortune International Group, Dezer Development, iStock)
Brokers, developers rally to capture Formula 1 buyers during first Miami Grand Prix
Brokers, developers rally to capture Formula 1 buyers during first Miami Grand Prix
(L-R) Ari Pearl, Matt Press, and Gil Dezer with the property at 1750 Northeast 167th Street in North Miami Beach (Google Maps, LinkedIn, Dezer Development, PPG Development)
Dezer sells North Miami Beach properties to Ari Pearl and partners for $31M
Dezer sells North Miami Beach properties to Ari Pearl and partners for $31M
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...