Foreign Buyers Continue to Boost U.S. Investment Sales Volume

According to New York City-based research firm Real Capital Analytics (RCA), cross-border investment sales topped $62.7 billion year-to-date through third quarter—a 56 percent spike compared to the same period in 2017 and even edging past robust sales of $60.3 billion during the first three quarters of 2015, which set a high watermark for foreign investment activity to date. This has been a big year for mega-deals involving foreign buyers, including Toronto-based Brookfield Property Partners’ $15 billion takeover of mall REIT GGP and the Unibail-Rodamco acquisition of Westfield that accounted for $7.7 billion of U.S. transaction volume. However, even without those large entity-level deals, there continues to be a steady pipeline of buying fueled by international capital. Click here to read more at https://mrej.com