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The Association of Foreign Investors in Real Estate (AFIRE) is a nonprofit trade association for international real estate investors focused on commercial property in the United States. The organization was founded in 1988 and its membership includes more than 200 real estate executives and institutional investors from 24 countries representing an estimated $2 trillion in assets under management.

The organization is governed by a global board of directors. Donald M. Wise, president and CEO of Metzler Real Estate, is chairman of the board. Gunnar Branson became CEO of AFIRE in 2018.

The organization holds several members-only events around the world every year. AFIRE has produced an annual “international investor survey” every year since 1992, “to rank markets by various measures, such as stability and opportunity for capital appreciation .” Students and faculty from the James A. Graaskamp Center for Real Estate at the Wisconsin School of Business have worked with AFIRE since 2007 to conduct the annual survey.