Aug
16
Weaker Yuan Could Mean Stronger Outflows
ByComing soon – national events: RealShare STUDENT HOUSING in Dallas on September 1-2. RealShare APARTMENTS in Los Angeles on October 21-22. See our complete lineup.
Ramcharan: “The consensus view is that the Chinese economy is slowing.”LOS ANGELES—With Chinese investor interest in US commercial real estate running high—already, the year-to-date total of $4.1 billion in acquisitions surpasses 2014’s 12-month tally of $2.3 billion, according to Real Capital Analytics data—the sudden devaluation of the yuanmay come as an unwelcome bolt from the blue. It threatens to jar the momentum of investment from the world’s most populous country; however, Rodney Ramcharan, newly appointed research director with the USC Lusk Center for Real Estate, tells GlobeSt.com that the government’s action could spur investment here, at least in the short term…
