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.
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Mary MacDonald is a staff writer for the PBN. Contact her at macdonald@pbn.com.
