At the recent Cityscape USA’s Bridging US and the Emerging Real Estate Markets Conference held in Manhattan, Don Jr. (as he is fondly called) revealed his company’s serious intent in getting into the emerging markets world over.
Trump said: “The emerging world in general attributes such brand premium to real estate that we are looking all over the place, primarily Russia.”
“Given what I’ve seen in Russia’s real estate market as of late relative to some of the emerging markets, the country seems to have a lot more natural strength, especially in the high-end sector where people focus on price per square-meter,” he said.
“In Russia, I really prefer Moscow over all cities in the world. Unlike other countries in the world, this country has five major cities where people would at least be happy being close to living in the metro.
“In Russia, if one has made money anywhere in the country, you would want your place in Moscow.”
“And in terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets…”