Why Asian Investors Are Gobbling Up US Real Estate
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Michaels sees large capital streams coming from various types of Asian investors.
NEW YORK CITY—It is no longer a secret that Asian investors have a tremendous appetite to acquire New York and US real estate. I am pleased to say we have completed well over $3 billion of transactions with Asian investors over the last several years. To state the obvious, the Chinese markets are in financial disarray with no clarity as to how their economy is going to preform prospectively.
One good example of the declining Chinese economy is Jack Ma’s financial interest in Alibaba, which was previously worth $18.5 billion and is now worth half of that and is expected to dwindle further. As such, the Chinese economy does not seem poised for growth, and this is one of the key factors motivating Asian investors from Malaysia, Singapore, Hong Kong, Korea and China to invest heavily in the United States…
Why Asian Investors Are Gobbling Up US Real Estate
