The U.S. economy, the world’s largest with a 2017 GDP of US$20 trillion, has experienced a decade of sustained expansion and is at the forefront of growth among the major developed countries during this period. Innovation is a pervasive driver of its growth, particularly in its large technology and healthcare sectors.
Ascendas-Singbridge’s initial investment focus is on office properties in technology-centric markets that demonstrate high growth in population, jobs, income and GDP, while offering certain defensive characteristics.
Ascendas-Singbridge entered the U.S. real estate market in 2018 with the acquisition of a portfolio of 33 quality office properties located in technology-centric cities in San Diego, Raleigh and Portland, with a total net lettable area of 3.4 million sq. ft.