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Cross-Border Buyers Remain on Sidelines in U.S. Q1

chart of cross-border investors in usThe latest U.S. Cross-Border Investment research shows investors kept their hands on their checkbooks in Q1 2019. A report by Real Capital Analytics (RCA) revealed direct acquisitions by cross-border investors in the U.S. dropped by roughly half compared with a year ago.

RCA’s commercial real estate economist Jim Costello pointed out significant portfolio and entity-level deals, which had characterized much of the cross-border activity during 2018, were largely absent. Deal activity by Canadian investors dropped by 53% year-over-year in the first quarter, he wrote.

Total direct acquisitions by cross-border buyers in the last 12 months totaled $83 billion, with the bulk of activity occurring in 2018. Deal activity from cross-border investor groups dropped by nearly 50%, notes RCA.

Entity-level deals comprised less than 10% of all cross-border activity, though deal volume from Middle Eastern investors rose to nearly $2 billion.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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