track record in North American real estate developments
and investments, as described in the following
pages, demonstrates the validity of our belief
in a long-term investment strategy. Real estate
investments have withstood the test of time, inflation
and other major economic and political adversities.
Thirty years ago we concluded,
after extensive research, that the North American
real estate market, which is characterized by
political stability, market efficiency, and government
fairness, offered the greatest growth potential.
Our success in that market bears out our conclusions.
Our strength lies in the quality
of our people and our pride in the financial rewards
our clients have enjoyed through investing with
us over the years. We have implemented our visions
with prudence and always calculated our risks
within a basic conservative policy.
Sound real estate investment
requires patient capital, specialized knowledge,
hands-on approach to management, and a medium
to long-term outlook; our investors/partners have
been successful because they shared these views