Asia Pacific Capital Still Major Force in U.S. Despite China’s Pullback
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For any participant in the U.S. real estate market, failing to understand and interact with capital from the Asia Pacific region is not a viable strategy, Marc Renard of global firm Cushman & Wakefield said during a forum at the 2017 ULI Fall Meeting in Los Angeles.
Those who need proof, Renard told the forum audience, should simply walk out of the Los Angeles Convention Center and look up. There are 50 active development projects in downtown L.A., six of which are large-scale mixed-use projects exceeding $1 billion each. All six are funded by capital from Asia, he said, and they represent just one component of a much larger national trend.
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Source : Asia Pacific Capital Still Major Force in U.S. Despite China’s Pullback