IRVINE, CA—Continued foreign investment in Orange County is expected in 2017, particularly in portfolio acquisitions and partial-interest investments, typically non-controlling 49% interests, JLL EVP Ryan Smith tells GlobeSt.com. The firm recently reported that foreign investment in Orange County real estate reached $2.1 billion in October, which China, Canada and Singapore leading the charge. We spoke exclusively with Smith about foreign investors' interest in this market and what his expectations are in in 2017.
GlobeSt.com: What are the main reasons foreign investors are interested in Orange County CRE?
Smith: Orange County has continued to attract foreign capital for the same reasons as domestic capital: a diverse and highly educated workforce, a significant inventory of institutional-quality commercial real estate, and of course the overall quality of life that the county offers to its residents and businesses.
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