Cross-border Investment in the US Growing
Wednesday, October 12, 2011
Source: Globe St
Globe St reports: Property investment in Europe and Asia has slowed with continued economic uncertainty. However, foreign capital continues to flow into the Americas, according to a recent report by global commercial property research firm Real Capital Analytics. Preliminary data shows cross-border acquisitions into the US will top $5 billion in the third quarter, a figure not seen since 2007.
The country isn’t created equal in drawing property dollars, however. About two-thirds of all the investment into the US has been into one of six major gateway markets, with Manhattan taking up 40%. Other cities popular for other countries have been Miami, Phoenix, Dallas and Houston.
Canada continues to be the most active investor into the US, with about one-third of all acquisitions, according to the RCA report. However, US acquisitions by investors based in China and Hong Kong increased by $1.5 billion in Q3 2011 from a year earlier, with South Korea also boosting its US investment to more than $1.1 billion for the year, the report said.
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View the full article on Globe St: Cross-border Investment in the US Growing
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Posted by: Nina Turner