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Real Assets Adviser

April 1, 2015: Vol. 2, Number 4

New Frontiers: REITs are emerging in markets around the world, but the biggest opportunities may be yet to come.

Author: Loretta Clodfelter

Before the ink was even dry on the Indian government’s draft REIT-proposal legislation, Bangalore, India–based Embassy Group was planning a major offering. In partnership with The Blackstone Group, the Indian developer will launch a Rs 50 billion ($800 million) REIT, possibly by the end of 2015. The 27 million-square-foot portfolio of income-producing commercial real estate joint-owned by Blackstone and Embassy illustrates one of the roles REITs can play in new and emerging REIT markets — as an exit path for real estate private equity funds.

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