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Asian Buyers Continue Targeting San Fran

SAN FRANCISCO—Asian investors are attracted to US metropolitan areas that closely mirror the investment conditions found in major Asian cities such as Beijing or Hong Kong, making densely populated urban centers obvious choices.

By Natalie Dolce | Updated on October 23, 2014

SAN FRANCISCO—Asian investors are on track to spend more on US multifamily assets in 2014 than at any other point in history, according to the latest research from CBRE. Since January 2013, Asian buyers have targeted a range of multifamily assets in US locations, with San Francisco attracting the most investment at more than $326 million, followed by Los Angeles at $252 million and New York at $175 million, according to the firm.

US multifamily has seen a significant increase in investment volumes by Asian buyers so far in 2014, with $522 million of transactions completed from January through August. This figure has already surpassed the full year total for 2012 ($356 million) by a considerable margin and is close to bettering the 2013 total ($537 million), CBRE sys. 

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