The biggest international real estate investor
Many properties in Florida are being sold to Chinese investors, as these investors go on what has been referred to as a U.S. buying spree. In 2015, Chinese investors purchased a slew of homes in large cities like Miami, New York and Los Angeles at an average sale price of $832,000 per home. Over the last five years, real estate investors from China have bought $17 billion worth of U.S. commercial real estate and $93 billion worth of U.S. homes.
In addition to real estate, Chinese investors have also been buying a lot of businesses in the U.S., including many hotel chains. Hotel companies such as Carlson Hotels, Strategic Hotels & Resorts and Starwood Hotels & Resorts were all recently purchased by Chinese investors. A few of the prominent hotels that have been acquired by Chinese investors include the Waldorf Astoria New York, the Waldorf Astoria Chicago, the Hyatt Regency Orange County and the Red Lion Hotels.
Investment in U.S. companies and real estate by Chinese investors is at an all-time high, and it is expected to increase. According to a study by the Asia Society and the Rosen Consulting Group, investment in U.S. properties by Chinese buyers should double within the second half of the decade. Chinese investors spend more on U.S. real estate than investors from any other country.
A person with a large commercial real estate portfolio may be able to make money off of China’s interest in U.S. real estate. A real estate law attorney may be able to help a property owner to facilitate an international real estate transaction and help to ensure that the deal goes smoothly.