Chinese Real Estate Investors 'Going Large' in the U.S. Market

Posted: Sep. 26th, 2013  |  By DailyLuxe News

Foreign real estate investors are seeking to expand their portfolio of properties in the U.S., according to a recent story from the WSJ.

Chinese investors in particular are looking at opportunities beyond buying second homes or vacation-type residences in desirable destinations, such as New York City, Los Angeles, or Miami. It is a nationwide happening, as investment properties in Seattle, Washington, Portland, Oregon, Houston, Texas, and Atlanta, Georgia.    

A Hong Kong-based private equity firm plans to raise $500 million for a real-estate fund for commercial properties in the U.S. Growth prospects exists in various cities that are below peak but edging upwardly.

"Our investors, which include lawyers, exporters, merchants, accountants, have U.S. incomes and want us to branch into the U.S. for diversification," Mr. Zhang said. "They are looking for safe assets that they can see and touch." Grand China Fund manages yuan-denominated funds totaling four billion yuan ($653 million) investing in Chinese real estate, and a $60 million dollar-denominated fund investing in the U.S.