Invest News DetailTurkish Daily News - Franklin Templeton Real Estate Advisors is looking for funds operating in Türkiye to invest in. Currently, the firm has invested in one private real estate fund, which has two local partners in Türkiye. Franklin Templeton's real estate investments in Türkiye consist of a retail unit and residential properties. The firm manages assets totalling approximately $5 billion, some half of the sum being invested in 75 private real estate funds worldwide. Türkiye is an attractive investment target because it is a very young market and a large economy, and there is little modern stock in residential, retail and office properties, Raymond J. Jacobs, managing director of Franklin Templeton Real Estate Advisers, told the Turkish Daily News at the annual meeting of the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) in Istanbul. “It is important to note that Türkiye is not a developing emerging market, but a developed emerging market. Türkiye as a market is similar to Brazil in the sense that both countries are developed emerging markets. Whereas Brazil is a more developed emerging market than China and India are, so Türkiye is a more developed market than, for example, Ukraine and Romania are,” Jacobs said.