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...

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