Reverse Flow

Typically we think of Canadians investing and buying investment real estate in the United States.  In a reverse flow of capital First Industrial Realty Trust Inc. has announced that they have formed a joint venture with the California State Teachers' Retirement System.  The new venture has opened offices in Toronto and Calgary to further the investment in industrial real estate in Canada. This is a sign of the continuing strong market in Canada and shows that other countries recognize this stong market.