Foreign investors behind biggest U.S. property deals in Q1
During the first quarter 2015 U.S. property sales were up 45 percent year-over-year on volume of $129 billion, according to Real Capital Analytics’ U.S. quarterly review. The office sector led activity on $33.5 billion of sales followed closely by the apartment sector at $33 billion for the quarter.
The top three deals during the first quarter were all purchased by foreign investors in New York City, which is no surprise, as New York City returned to its long-held slots as both the number one global and number one U.S. city for foreign investors in real estate, according to the 23rd annual survey taken among the members of the Association of Foreign Investors in Real Estate.
The number one transaction was the purchase of part of