International

Multifamily buyers seek foreign aid in second half of 2015

Owners and developers suggest largest volume of foreign equity will come from China

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Takeaways: 53 percent of global real estate investors plan to increase investment volume this year. 38 percent of global real estate investors plan to invest outside of their region. Compelling U.S. targets include New York, Dallas and Seattle; other possibilities include San Francisco, Los Angeles, Washington, D.C., and Chicago. Foreign investors will prefer to team with national developers, REITs or buyers who will purchase more than $500 million of product this year. Most international capital sources will target gateway markets for development investments; however, some will also consider primary markets and secondary markets for acquisitions. In a search for more attractive yields, foreign investors will contribute a higher volume of equity towards U.S. multifamily deals during the second half of 2015 -- when acquisitions volume could peak. According to CBRE’s Global Investor Intentions Survey, 53 percent of global real estate investors plan to increase invest...