Shop Talk: A conversation with Joseph Williams
In the fourth quarter of 2013, the United States saw $80.2 billion flow directly into real estate, according to global professional services and investment management firm JLL, up from $55 billion in the prior quarter and a 20 percent increase over the same quarter of the previous year. The United States easily led 24 other countries including several so-called emerging markets, such as China and Russia, in attracting direct investment. Only four countries in JLL’s study — Mexico, the Netherlands, Poland and Singapore — saw direct investment in real estate decline in fourth quarter 2013, suggesting that direct investment as a strategy is growing in popularity throughout the world. But Brazil, one of the world’s largest emerging economies, was noticeably absent from the list of favored markets for the direct model.
As a founder of Brazil-based merchant bank InDev Capital, Joseph Williams is dedicated to increas