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Report: Overseas Investors Turn Net Sellers of CRE in H1
Overseas investors turned net sellers of U.S. commercial real estate during the first half of 2019, according to the latest edition of the US Cross-Border Investment Compendium from Real Capital Analytics (RCA).
In the second quarter, cross-border direct acquisition volume dropped 37% from one year ago. The report notes that the pullback was not a function of capital from any one region halting purchases. Instead, it was a function of most buyers from each major region of the world purchasing less than last year.
The decline of acquisitions is not a sign of investors writing off the U.S. CRE market, according to RCA. Rather, the high ticket price deals that overseas investors pursue are becoming more difficult to execute.
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