MIAMI—The international capital invasion continues—and Canada is putting down its fair share of the investment dollars. Indeed, according to Colliers International's Year-End 2012 Foreign Capital Trends Report, Canada continues to dominate the foreign capital buying market in the US for all commercial property types, accounting for 34% of the total foreign investor sales.

“As the result of Canadian banks issuing recourse loans and suffering fewer hits during the housing collapse, Canada has broken through in better shape during the global recession,” Deme Mekras, a multifamily broker with Franklin Street, tells GlobeSt.com. “Canada has made more than a quarter of all foreign investment into the U.S. according to CoStar.”

Mekras points to some of the most recent examples in South Florida, beginning with Brass Enterprises, Inc., a private real estate investment company based in Toronto focuses on multifamily residential. In the last year, this company has closed three projects in the South Florida area including:

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.