Euro Value Falls Below $1 USD For the First Time in Decades

European Economy Faces Uncertainty

• Recession fears are growing in Europe, with Eurozone inflation at 9.1%

• Russian oil and gas imports are down 35% and 73% respectively, dampening Europe’s productivity

USD Records Surge in Value Relative to the Euro

• The Euro-Dollar exchange rate has been falling rapidly, hovering near $1 since summer 2022

• As a result, European and global investors are shifting funds into dollar denominated assets, like U.S. CRE

U.S. CRE Viewed As a Safe Bet For Global Investors

• U.S. CRE is seen as a more stable investment during periods of global economic uncertainty

• Since 2003, European investors have increased capital investments into U.S. CRE by an average of 15% in years when the Euro fell against the U.S. Dollar