We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

South African commercial property investors have traditionally not been active in the US, the world’s largest market, but initial success achieved by Emira Property Fund there has started to inspire others. South African companies had avoided the US in the past due to numerous challenges including time-zone differences, having insufficient capital to make significant investments and a lack of market knowledge. But recently they have decided they can invest in partnership with US companies in specialised real estate markets. One of the South African companies that believes it can succeed in the US is privately owned property investment and development company Stonewood Alchemy Real Estate, which is growing its portfolio in the US. In a $85m deal, the group led by director Eldon Beinart; its US partner, Denver-based EastSide Investment Partners; and South African investors bought 16 extended-stay style American hotels in Texas and Oklahoma in 2018 under the Extended Stay America brand...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.