International Investors, Particularly from Asian Countries, Becoming Largest Component of Global Purchases and Dominant Force in Luxury Real Estate Markets

SAN DIEGO, Jan. 27, 2015 /PRNewswire/ -- What: The Asian Real Estate Association of America (AREAA), the nation's largest trade organization representing Asian American interests in real estate, will be holding a press conference on February 12^th, at the Mid-America Club in Chicago to promote their 2015 Global and Luxury Summit. The Summit will be held at the Trump International Hotel and Towers April 19^th-21^st.

Why: Numerous high profile foreign investors, c-level financial and banking executives, and hundreds of AREAA members and constituents will be in attendance. AREAA has partnered with Realogy Inc., the National Association of Realtors®, and the Illinois Association of Realtors® in orchestrating the Summit. Chicago's booming luxury real estate market and prominence as a top global business destination make it a perfect backdrop for this exclusive international event. The city has become a hot spot of foreign investment with projects such as the proposed luxury towers on East Wacker by the Beijing-based Wanda Group demonstrating Chicago's rise on the international stage. Chicago's luxury real estate market is also heating up, with over 1,600 luxury properties sold in the first three quarters of 2014, at an average price of $1,340,000.

Where: Mid-America Club, 200 East Randolph Drive 80 Floor, Chicago, IL 60601

When: February 12^th, 4-5PM CST.

Who: The Asian Real Estate Association of America (AREAA), established in 2003, is a national business trade organization focused on expanding housing opportunities for Asian American communities and creating business opportunities for real estate business leaders who serve this growing market.

With over 14,000 members in the U.S., Canada, and Asia, AREAA is the only business trade organization focused extensively on facilitating international partnerships between real estate professionals in the U.S. and investors overseas.

Contact: Scott Berman
619-770-9030
[email protected]

Logo - http://photos.prnewswire.com/prnh/20120322/DC74669LOGO
PDF - http://origin-qps.onstreammedia.com/origin/multivu_archive/ENR/171623-2015_Global_Summit_Flyer.pdf 

SOURCE Asian Real Estate Association of America (AREAA)

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