Mikhail Fridman will invest $ 1 billion in the U.S. real estate

Mikhail Fridman a russian billionaire (property: about $ 15 billion) has founded a U.S. real estate fund in partnership with Rosen Partners with the investment volume of 1 billion of dollars. The businessman is going to invest into the hotels located on the east coast, multi-family homes and office buildings that are worthy of $ 100 million, it is stated by Slon.ru with reference to The Wall Street Journal.

"It is obvious that there is a risk of political and economic instability in Russia. And the U.S. market is the best in the world according to the terms of regulation and liquidity. The most appropriate way is to protect the rights of investors, "- says Mr. Friedman.

26 December 2011
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