Foreign Investment into US Cities Cautiously Rises
Crain's New York Business reports: Crain’s New York Business recently leveraged analyses regarding cross-border investment into the US originally provided by Real Capital Analytics’ (RCA) US Capital Trends report. Citing RCA, Crain’s stated that cross-border investment has been particularly high in the New York City metro, with $3.3 billion in foreign buyer sales over the 12 months ending March 31 accounting for 18% of all transaction volume during the same period. This compared to the just 7% cross-border investors accounted for on a national basis.
Top foreign buyers into the US included Safra Group (Brazil), China Investment Corp (China), and Fosterlane Management Corp (Kuwait), according to RCA. And so far in 2011, foreign buyers have already closed on six deals in the New York City metro. RCA Managing Director Dan Fasulo told Crain’s that, “It’s definitely picking up…Many foreign investors have been bidding.”
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Posted by: Nina Turner