Wall Street Journal / March 24th, 2016
Wall Street Journal reports: Although commercial property sales have slowed in the U.S. so far this year, Chinese investors continue to pour money into the U.S. market .
According to Real Capital Analytics (RCA), Chinese companies have purchased or are buying 47 U.S. properties worth $9.3B, making the Chinese the most active foreign buyers in the United States.
Since the Chinese economy has slumped, investors are looking abroad to protect their wealth against the volatility at home. RCA’s senior vice president, Jim Costello, says, “They’re parking more capital in the safe locations in the West.”
View the full article in The Wall Street Journal: Chinese Investment in U.S. Property