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Overseas Buyers Gravitate to U.S. Net Lease
Foreign investment in U.S. net lease has grown by leaps and bounds in the past few years, with 2018 seeing a 30.1% year-over-year increase in dollar volume, CBRE says. The current year has continued the upward trend, with overseas buys of net-leased U.S. office, industrial and retail properties up 6.6% Y-OY.
“Foreign investors’ appetite for U.S. net-lease properties has increased more than any other investor group, adding nearly $21 billion to their holdings since 2014,” said CBRE’s Will Pike. “This is further evidence that global capital flows prioritize the risk-adjusted returns of the net lease sector and will continue to invest in the asset class.”
New York City, San Francisco, Boston, Dallas/Ft. Worth, Columbus and Los Angeles received the most foreign capital in net lease last year. Between 2016 and 2018, the top countries of origin were Canada ($5.55 billion), South Korea ($3.28 billion) and China ($3.22 billion).
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