CHICAGO—The US real estate market will continue to be boosted by foreign investors in 2016, thanks in part to the combination of a strong US dollar and the devaluation of currency in other non-US markets. And the Chicago region should continue to see enormous benefits from the trend.

In fact, as of early December, foreign investors had already spent $3.27 billion on Chicago-area real estate, well above the current full-year record of $2.18 billion set in 2013, according to Real Capital Analytics.

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