Skip to main content

Chinese Dominate Global Investment in U.S. Commercial Property

Phil Hall
Jun 06, 2017
The Chinese presence in U.S. commercial real estate is significant on both the buying and selling fronts

The Chinese presence in U.S. commercial real estate is significant on both the buying and selling fronts, according to a National Association of Realtors (NAR) survey of real estate brokers involved in commercial property transactions with foreign clients.
 
According to the NAR survey, nearly two-thirds of commercial foreign buyer and seller clients were non-resident foreigners. On the buyers’ side, the top countries of origin represented in transactions were China (17 percent), Mexico (14 percent) and the United Kingdom and Venezuela (both at seven percent). Among sellers, most were from China (17 percent) or Brazil, Canada, France and Mexico (all at 10 percent). 
 
Florida and Texas were the top two states where foreigners purchased and sold commercial property last year, with California ranked as the third most popular buyer destination and Michigan named as the third top state where foreigners sold real estate.
 
However, commercial mortgage opportunities here are often limited: the survey also found that 60 percent of international transactions were closed with cash, with 34 percent of commercial deals involved debt financing from U.S. sources.
 
And the level of activity is expected to grow. “Forty percent of Realtors expect an increase in foreign buying clients this year,” said NAR Chief Economist Lawrence Yun. “The healthy labor markets and lower property prices in smaller markets are poised to make up a larger share of activity.”

 
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021