RCA Insights

Cross-Border Investment in US Edges Up in Q1

By on May 31st, 2018

Cross-border investors increased their U.S. acquisitions into 2018, and Chinese investors were the second largest buyer group, the latest US Cross-Border Investment Compendium shows. The GLP buyout by a joint venture of several Chinese investors buttressed China’s position in the first quarter, which comes amidst concern these buyers would retreat because of restrictions on capital outflows.

1805 Cross Border Comp main-01

Canadian investors were the largest investor group in the 12 months through the first quarter of 2018. These investors claimed almost one-third of all cross-border acquisition volume in the U.S. Singaporean investors were the third largest group.

Perennial investor favorite Manhattan was the top target of cross-border buyers in the 12 months through Q1’18, garnering more than $8 billion in cross-border deal volume. Houston, Los Angeles and Washington DC were in the following pack, each claiming approximately $3 billion in sales volume.

Industrial deals involving overseas buyers grew 97% year-over-year for the 12 months through Q1’18. Most of this growth was driven by the GLP buyout. CBD office and apartment were the most sought after property sectors overall.

If you are a current RCA subscriber log into your account to download the US Cross-Border Investment Compendium for Q1’18 from the RCA website. To get more information about becoming a client, contact us

Jim Costello

Jim Costello

Senior Vice President
jcostello@rcanalytics.com

Jim Costello has worked in the CRE space on issues of urban economics since 1990, including a 20-year stint at Torto Wheaton Research. Jim expanded the reach of the Torto Wheaton Research team developing forecasts of global market fundamentals. He also developed approaches to pair the forecast results with frameworks to answer investor questions on asset values and relative investment opportunities.

In the aftermath of the Global Financial Crisis, Jim provided advice to the Treasury Department and helped educate these professionals on commercial real estate performance. Jim is a member of the Commercial Board of Governors of the Mortgage Bankers Administration, where he helps policy makers understand the commercial real estate industry.

Jim is expanding the capabilities of the Real Capital Analytics team on issues of real estate market dynamics. Jim has a master’s degree in economics and is a member of the Counselors of Real Estate.