InternationalMarkets & Economy

Chinese, Brazilian investors target US multifamily

Foreign investors will be among top 3 sources of commercial real estate debt and equity this year

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Foreign investors will be one of the top three sources of commercial real estate debt and equity this year, as abroad capital providers continue to view the U.S. as a safe haven for investments. The multifamily sector will be the most attractive market for foreign investments, according to a new survey released by national law firm Akerman LLP. "As 2015 unfolds, the industry is seeing an all-time record of institutional equity and global equity competing for core real estate assets," said Richard Bezold, chair of Akerman's Real Estate Practice Group. The majority of foreign capital for multifamily deals is forecasted to originate from China -- 50 percent of all foreign investments. The survey finds that executives believe China will be the dominant source of foreign capital for nearly all property types, aside from single-family homebuilding. The purchasing power of the Chinese yuan over the U.S. dollar has the potential to be a significant driver for many U.S. markets, the...