Connect Media > National News > Top National > Foreign Investment in U.S. Apartments Drops 49% Y-O-Y

September 30, 2020 Comments Off on Foreign Investment in U.S. Apartments Drops 49% Y-O-Y Views: 827 National News, Top National

Foreign Investment in U.S. Apartments Drops 49% Y-O-Y

Order Reprints...

Global capital to the U.S. multifamily sector in the first half of 2020 decreased by 49.2% year-over-year to $3.1 billion, as the COVID-19 crisis weighed on investment activity, CBRE reported. A Y-O-Y decline of nearly 80% in the second quarter accounted for most of the H1 dropoff.

Investment managers were the largest buyers, accounting for 35% of global investment in U.S. multifamily assets in H1, according to CBRE’s latest report, issued Tuesday. Canada, the perennial leader for U.S. inbound capital, accounted for more than half of H1’s inbound multifamily investment volume.

New York City was the only market with Y-O-Y growth in global capital (+641%). However, this growth was due largely to a pair of megadeals totaling $827 million.

“Despite less demand from foreign investors due to the current downturn, low hedging costs in the U.S. should help accelerate multifamily sales as deal activity increases,” writes CBRE’s Jeanette Rice.

Download the report

Connect With CBRE’s Rice


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.