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Middle Eastern Investors Buy U.S. Properties Despite Tension

Posted by: Chris Steins
Thanks to: REIS
22 May 2003 - 1:00pm

Middle Eastern investors are pouring more money into U.S. commercial real estate, even as anti-American sentiment runs high.

"During the first four months of this year, Middle Eastern investors spent $579.1 million on U.S. real estate, up 34% from the year-earlier period, according to Real Capital Analytics Inc., a New York-based real-estate research firm. For all of last year, Middle Eastern investors bought more than $1.2 billion in U.S. commercial real estate, compared with just $263 million in 2001."

Full Story: Middle Eastern Investors Buy U.S. Properties Despite Tension
Source: REIS, May 7, 2003
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