Global capital inflows into American apartments dropped precipitously in the first half of the year.
As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE, which used in-house and Real Capital Analytics data to come to its conclusions.
A nearly 80% decline in foreign investment in Q2 accounted for most of the drop off, which CBRE attributed to limits on "international travel, difficulty in conducting due diligence and declines in occupancy and rent levels."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
