Chinese Shift to Net Sellers of U.S. Real Estate

Chinese disinvestment in U.S. real estate reached new heights in the second quarter, according to new research from Real Capital Analytics (RCA). Chinese dispositions of U.S. real estate investments totaled $1.3 billion in Q2 2018, as detailed in the latest edition of the firm’s US Capital Trends report.

That’s a figure RCA economist Jim Costello writes is higher than the amount that these investors have sold in any single year historically. He also points out, “One quarter does not make a trend, but clearly the peak of their investment activity was in 2015 and 2016.”

RCA pegs net investment averaging less than $100 million per quarter in the second half of 2017, with a spike in activity in the first quarter of 2018 tied to the buyout of the GLP portfolio. “Without that one deal, this story of the change to a net selling position would have been told earlier,” writes Costello.

Chinese investors still own 24 million square feet of office space in the U.S.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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