Foreign Investment in U.S. Multifamily Hits New Highs

"According to the latest data from Real Capital Analytics, foreign investment volume in U.S. multifamily properties totaled $16.3 billion during 2015 — nearly triple the 2014 total of $5.7 billion.

Foreign investment in the U.S. is expected to increase even further during 2016, in part driven by changes to the Foreign Investment in Real Property Tax Act (FIRPTA) enacted in December. The changes reduce tax obligations for non-U.S. investors investing in U.S. real estate."

Full Article: ALEX Chatter