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DC Area CRE Ranks High With Middle Eastern Investors

Through Q2 of this year, the Washington DC area has received $469 million from Middle Eastern CRE investors, according to CBRE.

By Erika Morphy | Updated on November 08, 2017

DC’s K street

WASHINGTON, DC–The Washington DC area market has closed $5.9  billion in multifamily investment sales so far this year and has another $4 billion under contract. That compares with the $6.5 billion in multifamily sales that closed for all of 2016. Meanwhile other markets are down flat or 10%. “We are above all markets — and foreign investment is a big part of that,” Bill Roohan, vice chairman with CBRE tells GlobeSt.com.

Roohan’s wheelhouse is the multi-housing space, but this is a trend manifesting in many asset classes. Now, CBRE reports that Washington DC’s commercial real estate sector is the third top city in the world to receive Middle Eastern investment.

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