Real Estate Entrepreneur Dilip Barot of Creative Choice Homes in Palm Beach Gardens Florida Focuses on Chinese President Xi Jinping State Visit to U.S.
Creative Choice Homes in Palm Beach Gardens, Florida was founded and established by Dilip Barot in 1984. It manages a large, diversified portfolio of real estate assets including office buildings, IT and business parks, planned residential communities, high-end condominiums and land development projects throughout the United States and India through various entities. The core business focuses on acquiring and repositioning multi-family residential, mixed use and commercial properties.
Creative Choice Homes has renovated some of the country’s most troubled affordable multi-family housing complexes. It has shown that strategic acquisition, skillful repositioning and meticulous management can convert even the most distressed properties into beautiful residential and commercial settings with stable, long-term revenues and investment returns for investors.
Chinese President Xi Jinping State Visit to U.S.
Two months ago, President Obama spoke to Chinese President Xi Jinping to express his appreciation for the role China played in reaching a long-term nuclear deal to ensure Iran’s nuclear program is peaceful going forward. During this call, the White House reported that both leaders cited the fundamental importance of cooperation between the U.S. and China and agreed to discuss in more detail during the State visit in September. Now here we are just a few days after this historical event. Prior to last week, some politicians were petitioning Obama to cancel the event. And as a citizen you too may have wondered if engaging in deep conversations with the Chinese officials would be fruitful. Susan Rice, U.S. National Security Advisor said “this visit will help underscore the United States’ commitment to building a more productive relationship between our two countries as well as discuss areas of difference in advance of President Xi’s state visit to the United States.”
As a resident in Florida and business owner of Creative Choice Group, I too have seen the media focus on the conflicts between U.S. and China. In fact, these issues certainly have overshadowed how these two countries could possibly create a productive relationship. Some of the key areas of concern include the South China Sea, cyberespionage (particularly in the wake of a massive hack into the U.S. Office of Personnel Management and millions of U.S. citizens having their personal information stolen), and of course economy, with recent U.S. complaints about currency manipulation.
But like the politicians, I believe the two sides have benefitted from accentuating the positive, and talking about shared interests to identify the potential for cooperation.
Xi spoke to commemorate the 70th anniversary session of the United Nations General Assembly in New York. During this session, Xi made a significant declaration. China has agreed to contribute $2B dollars in funding to help the poor. The U.S. in comparison provided over $30B in world-wide support in 2013 alone. Clearly the Chinese recognize that if they want to continue to maintain a role in the world economy, they must also start making an investment in general human rights issues. This is a first good step.
As the state visit came to a close, one additional success was announced. Xi pledged action on climate change. China is the largest emitter of carbon blamed for the world’s rising temperatures. China promised $3.1 billion to help developing countries adapt to climate change and said it would set up a “cap-and-trade” system to limit emissions.
For many the state visit and the presidential outcomes may not be viewed as significant progress to bridge the political gaps between China and the U.S. However from my seat, I am appreciative of the opportunity to witness the steps of progress that may just lead to better collaboration for the U.S., and potentially our global economy.