Foreign Buyers Hop on Rental Trend
21 February 2013, Wall St Journal
On a recent Tuesday morning, Alan Dixon, an investment manager originally from Canberra, Australia, stood in front of a four-story townhouse here, one of the latest assets he purchased for his company’s shareholders…
Easing Apartment Pain: Sale Prices in Manhattan Are Lowest Since 2004, After Adjusting for Inflation
30 January 2013, Wall St Journal
To live in Manhattan is to believe that never before have apartment prices been so expensive.
But a new 10-year review of trends in apartment prices raises a few questions and footnotes over the rights to brag and moan about the high cost of getting a place to live in Manhattan: The median apartment price in 2012 was $835,000, but adjusted for inflation, it was the lowest since 2004…
US Masters Fund moves upmarket with historic Hell’s Kitchen and Harlem acquisitions
18 January 2013, Property Observer
Dixon Advisory’s US Masters Residential Property Fund has moved distinctly upmarket spending US$3 million on a historic four-storey apartment building in trendy Hell’s Kitchen in the heart of Manhattan…
LICs are increasingly attractive for investors on a yield hunt
8 December 2012, The Australian (subscription required)
After three years of range trading, and with the local bourse still sitting at almost two-thirds its 2007 peak, equity investors who were content to sit on cash and reap attractive interest rates have been forced back into the market in recent months.
Dixon Fund Sees US Market As Ripe for Picking
13 November 2012, Australian Financial Review (subscription required)
Dixon Advisory’s listed US property investment trust will seek up to $80 million in equity to spend on the recovering housing market. The US Masters Residential Property Fund , which invests in residential property in the New York metropolitan area, is looking for an initial $40 million and can receive over-subscriptions for another $40 million. The local group says it is moving into the sector as US giants including the Blackstone Group and investor Warren Buffett are also targeting the housing market…
Dixon Advisory seeks up to $80 million from Australian investors for US fund
12 November 2012, Property Observer
Dixon Advisory will seek to raise up to $80 million from Australian investors to fund future acquisitions for its ASX-listed US Masters Residential Property Fund as it looks to take advantage of a recovering US housing market.