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Research - SEPTEMBER 29, 2020

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Global capital into the U.S. multifamily sector drops 49%

by Andrea Zander

Global capital invested in the U.S. multifamily sector dropped 49.2 percent to $3.1 billion in first half 2020, as the COVID-19 crisis weighed on investment activity, reported CBRE. Very weak second quarter volume, which fell nearly 80 percent year-over-year, accounted for most of the first half decline.

Canada, the perennial leader in U.S. inbound capital, accounted for more than half of inbound multifamily investment volume in the first half. Denmark, Israel, Switzerland and the United Kingdom rounded out the top five.

Investment managers were the largest buyers, accounting for 35 percent of global investment in U.S. multifamily assets in the first half. Institutional buyers took a 26 percent share, while property companies accounted for 19 percent.

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