NEW YORK – Purchases by Chinese companies and investors of U.S. buildings and properties worth $2.5 million or more declined in the fourth quarter, for the third straight quarter, according to the Wall Street Journal, citing data provided by Real Capital Analytics.
Chinese-based holdings in commercial real estate sold a net of $854 million, the newspaper reported. This is the lowest level since 2012, and the third quarter that Chinese investors sold more property than they bought, the Journal reported.
Mary MacDonald is a staff writer for the PBN. Contact her at email@example.com.